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International Market Review & Outlook August 2012

Global stock markets were generally positive in August, although trading volumes remained very light as many decision makers took a summer break. This unexpected rally was not so much the result in an improvement in the macro-economic backdrop which remains decidedly weak: China's Manufacturing Purchasing Managers Index fell to a nine month low while German business confidence fell for the fourth consecutive month. Rather, it appeared to be the result of the mere promise of greater central bank action.

Click here for full August Report of the Global Economic Overview.
 

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