Asian Session: Chinese manufacturing data encourages while Japanese jobless data inline with expectations.





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The Bank of China Gov. Zhou Xiaochuan said yesterday that the economy accelerated in the second quarter and that he expected the government’s 8% growth forecast was going to be met. Further data showed that during the month of June electricity consumption jumped by 3.8% from a year before. Reports from a large bank in the region stated that manufacturing activity had accrued in the month of June…

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