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Forex pairs in this Article » EUR/USD (Barcelona) - European stocks have opened mildly lower this morning, lead lower by an Asia pull back, and ahead of German Unemployment this morning and US Q2 GDP and FOMC later.

Asian stocks ex China, largely pulled back from their recent rally, with Japan´s TOPIX and NIKKEI down -1.47% and -1.45% respectively. In South Korea, the KOSPI dipped -0.16%, The Hang Sang closed down -0.06%, while Taiwan closed down -0.68%. In contrast, in China the SSE Composites closed mildly higher. This downside sentiment followed through to European futures, which generally slumped into the open. Currently Eurostoxx 50 is trading down -0.04% at 2758.11, the FTSE 100 is down -0.13% at 6562.40, while the DAX is down -0.52% at 8227.75.

In today´s calendar, we have seen German Retail Sales decline both MoM and YoY, French Consumer Spending and Producer Prices dip, but the Swiss KOF Leading Indicator rise to 1.23 against expectations of 1.22. We have the German Unemployment Rate & Change at 07:55 GMT, followed by Italian Unemployment five minutes later, before EU CPI at 09:00 GMT. Nevertheless, the main events today remain US Q2 GDP at 12:30 GMT and FOMC at 18:00 GMT, and US futures are trading lower with the DJIA down -0.12%, the S&P 500 down -0.09% and the NASDAQ down -0.13%
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