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Nikkei Slightly Lower

Japanese stocks closed the Asian session with a slight decline as the Nikkei 225 recorded a decline of 0.87% to 22,587.01.The highest level reached during the trading session was 22,677.02, while the lowest were 22,538.78. Meanwhile, the broader TOPIX index registered a decline of 0.50% or 7.87 towards 1,565.15.

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FX Option Expiries for July 14 NY cut

FX option expiries for July 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 2.1bn1.1320 949m1.1325 1.1bn1.1350 1.1bn1.1400 615m – GBP/USD: GBP amounts         1.2500 257m1.2640 249m – USD/JPY: USD amounts          106.50 412m106.75 605m – NZD/USD: NZD amounts 0.6480 248m

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British GDP Less Than Expected

UK GDP in May posted less than analysts’ expectations as data released by the Office for National Statistics on Tuesday showed that British gross domestic product rose1.8% in May, compared to a contraction of 20.3% in April. Analysts had expected the UK economy to grow by 5.5% in May. The …

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Bailey: Seeing Signs of Recovery

Bank of England Governor Andrew Bailey said on Monday that the country is experiencing signs of an economic recovery. However, there is still a long way to go and emphasized employment worries. These comments had little impact on market sentiment and performance of the Pound sterling. FTSE 100 in the …

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USD/JPY: To Daily High

The USD/JPY pair remained marginally moving below 107.00 during the Asian session but with the opening of the European session, it gained momentum and rose at the time of writing by 0.3% on a daily basis to 107.20. Risk-on sentiment remains the main driver for the pair on Monday, with …

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China’s Premier Li: Economy is Recovering

The Chinese economy is showing a steady recovery, but a difficult battle is still waiting, as the situation remains critical at home and abroad. China’s Premier Li Keqiang told the state media on Monday, as reported by Reuters.                Quotes “We should strengthen our confidence in development, but the situation at …

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