July 14 (Bloomberg) -
- China’s slowing expansion may encourage officials to shift policy toward sustaining the rebound in the economy forecast to account for one-third of global growth this year. A government report tomorrow will show gross domestic product rose 10.5 percent in the second quarter from a year earlier, according to the median estimate in a Bloomberg News survey of 28 economists, down from an 11.9 percent pace in January to March. Industrial production and urban fixed-asset investment are also estimated to have slowed.
Euro recovers after Greek auction; stocks gain
LONDON, July 13 (Reuters) - The euro recovered after Greece successfully returned to capital markets for the first time since late April, while global equities advanced after Alcoa delivered a strong start to the earnings season. "We were expecting a good result, and it's good for Greece and the euro, but Greece has a long way to travel, as its economic challenges are pretty severe," said Paul Robinson, FX strategist at Barclays Capital.
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