Highlights:
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US economic growth shot to an annualised 4.1% in the June quarter but the market is questioning whether this is sustainable.
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The impact of US and Chinese tariffs has been noticeable in Asian export growth but US manufacturing activity is yet to be hit hard.
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In Australia, the RBA continues to keep rates on hold with tighter credit conditions and lower house prices constraining the household sector.
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Japan’s economy likely returned to growth in the June quarter, with wage growth helping to alleviate deflationary pressures.
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The UK is heading towards a ‘hard’ Brexit, with the EU rejecting Prime Minister May’s proposed customs plan.
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