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Chinese banks become slowly decapitalized as capital adequacy ratios gradually decrease as loans increase.
Shinzo Abe’s ruling coalition’s win supports shares both in Asia and Europe as it will make approval of fiscal packages easier.
Potential guidance for the rest of the year suggests concerns over Brexit and global growth that will weigh heavily on earnings.
Moderately high volatility might be expected today as New Zealand’s Reserve Bank’s assistant governor McDermott will hold a speech.
Chinese yuan is expected to fall against the dollar as trade balance data for China is expected to contract.
Bank of England is supposed to release its credit conditions survey today at nine-thirty GMT which will most likely have low impact on the pair.
Analysts expect that Canadian overnight rates level will remain same at 0.5%.
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