The news once again, revolved around central bank activities. Economic data were mostly positive in the UK and in China but mixed in Canada. Investors continued to focus on the Federal Reserve and when it will begin to taper bond purchases.
There are no major central bank meetings scheduled for this week and the Bank of Japan and Bank of England meeting minutes are expected to give little illumination to policy going forward. It is vacation time in Europe and things will quiet. The major event will be the release of flash estimates of GDP for Eurozone members. Japan will also release its first estimate of second quarter GDP.
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