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European Economic News Preview: German Consumer Confidence Data Due
(RTTNews) - Consumer sentiment from Germany is the top economic news due on Thursday, headlining a light day for the European economic news.
At 2.00 am ET, the market research group GfK publishes Germany's consumer sentiment survey data. The forward looking consumer confidence index is forecast to rise to -19.1 in July from -19.9 in June.
In the meantime, foreign trade from Sweden and unemployment from Norway are due.
At 6.00 am ET, the Confederation of British Industry is scheduled to release Distributive Trades survey data. The UK retail sales balance is expected to rise to -24 percent in June from -27 percent in May.
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Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
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U.S. Dollar Rises Against Majors
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