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Asia, Europe and U.S. slip on poor Japanese second-quarter growth data.
International
Asia
● Asian stock indexes dropped as weakening growth in Japan added to global growth fears. Japan’s growth from April to June was 0.3 percent, or half the 0.6 percent expected, and less than the 1.2 percent seen in the previous quarter. Check for activity in the iShares MSCI Japan Index Fund (NYSEArca: EWJ).
● The Nikkei eased 0.07 percent; KOSPI slipped 0.72 percent; Shanghai Composite tumbled 1.51 percent; Hang Seng abated 0.27 percent; S&P/ASX 200 rose 0.14 percent.
Europe
● European stocks generally fell, even though the European stock indexes were mixed, as lower than expected Japanese second-quarter growth data caused investors to worry about the general state of the global economy. Expect this event to affect the Vanguard MSCI Europe ETF (NYSEArca: VGK).
Domestic
● U.S. stock futures are currently flat after weak Japanese growth data added evidence that the global economy is slowing.
Commodities
All commodities news is as of 7:06 a.m. ET.
Gold Advanced and Silver Fell
● Gold increased 0.19 percent, or $3.15, to $1623.25. Expect growth in the SPDR Gold Shares physical bullion ETF (NYSEArca: GLD).
● Silver dropped 0.1 percent, or $0.3, to $28.1. Expect slips in the iShares Silver Trust (NYSEArca: SLV).
WTI and Brent Oil Boosted
● The September contract for WTI crude oil advanced 0.83 percent, or $0.77, to $93.64 per barrel.
● The September contract for Brent crude oil strengthened 1.44 percent, or $1.63, to $114.60 per barrel.
● Expect elevation in both the United States Oil Fund (NYSEArca: USO) and in the United States Brent Oil Fund (NYSEArca: BNO).
Fund Flows
None as of yet today.
ETF Launches
None as of yet today
ETF Filings
None as of yet today
Economic Calendar
Domestic
● Ben Bernanke Speaks - 9:00 a.m. ET
Europe
● U.K.
○ Halifax HPI - 3:00 a.m. ET
Asia/Pacific
● New Zealand
○ Labour cost index - 6:45 p.m. ET
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