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Thursday, July 18, 2013

Asian shares mixed, Europe rises.

 Japanese stocks (DXJ) rose 1.3% as the yen (FXY) fell - it was -0.6% vs the dollar at the time of writing - following Ben Bernanke's Goldilocks testimony to Congress yesterday, when he said the Fed is still set to taper but could back away if necessary. Chinese (FXI) and Hong Kong (EWH) shares dropped after a rise in Chinese house prices sparked renewed fears about an overheating property market. European shares were higher and U.S. stock futures flat ahead of Bernanke Day 2.

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