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In economic news, China’s industrial production grew 6.0% on year in July, below economists’ estimates that called for production to remain at June’s pace of 6.2%. Elsewhere, New Zealand retail sales increased 2.3% on quarter in Q2, ahead of Q1’s 0.8% gain, and topping estimates of a 1.0% expansion. Finally, Japan’s producer prices were flat on month in July, exceeding forecasts of a decline of 0.1%, which would have been unchanged from the prior month.
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