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Asia-Pacific indices are experiencing a mixed session. Chinese indices are rising by approximately 0.85% to even 1.45%. The Japanese Nikkei 225 index is down 0.10%, while the Australian S&P/ASX200 is up 0.30%.
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Futures contracts for European indices indicate an opening session in the Old Continent without a clear direction. The UK100 is up 0.07%, while the DAX is down 0.05%.
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In the forex market, volatility is relatively low in the first part of the day. Among the strongest currencies, we can mention CAD and AUD.
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Chinese exports increased in May more than expected, raising hopes that the world's second-largest economy will be able to maintain its growth rate even in the face of new tariff threats.
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The trade balance amounted to $82.6 billion, higher than the expected $73 billion. Exports increased by 7.6% compared to the previous year, while imports rose by 1.8%.
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Japanese households increased spending for the first time in 14 months. Real spending rose by 0.5% in April compared to the previous year, following a 1.2% decline the month before.
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The increase in spending is a signal that private consumption may finally stop holding back economic growth. The reading was in line with consensus.
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Japanese Finance Minister Shunichi Suzuki said on Friday that currency interventions should be carried out in a cautious manner, after data suggested it had tapped a huge pool of foreign exchange reserves for its recent yen buying operations.
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Israeli Prime Minister Benjamin Netanyahu will address American lawmakers in Washington on July 24, Congressional leaders announced on Thursday. He will speak to both houses of Congress - the Senate and the House of Representatives.
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In the cryptocurrency market, we are seeing a rebound after yesterday's weaker end of the day when Bitcoin approached support at the $70,000 level. At the time of publication, BTC is up 0.75% to $71,300.
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