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Eurozone: M3 data in focus today - TDS

Analysts at TDS explain that the M3 data release hasn’t been getting as much attention since EZ credit growth began to stabilise, but the last couple of months have seen an odd downturn in both business and household lending.

Key Quotes

“The ECB views credit growth as a necessary condition for underlying inflationary pressures to improve, so we’ll be watching today’s August data to see if the recent weakness was a one-off or something we should be watching more closely.”

S. Korea FinMin: Risk US treasury labelling South Korea as currency manipulator low

Reuters out with a statement from the South Korean Finance Minister, commenting on the trade talks with China and North Korea issue. Key Headlines:
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US: GOP tax plan unlikely to prompt re-pricing of reflation prospects - ING

There were enough ‘ifs and buts’ in Chair Yellen's speech for both market hawks and doves to cling onto their a priori views on Fed policy and While i
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