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Friday financial focus

  • Today’s markets: European stocks likely to retreat from highs
  • Overnight markets: Nikkei pulls back from 8-week high on profit taking
  • Yesterday’s markets:  Dow and S&P 500 hit record highs
  • Global economy: G20 meet in Moscow to chart recovery course
  • UK: £10bn boost from Olympics
  • UK: Retail sales for June beat forecasts
  • USA: Money printing set to continue
  • Greece: Germans tell Athens to keep cutting
  • China: IMF advises “decisive measures” to ensure growth
  • France: Fitch cuts banks’ ratings after downgrading the country
  • Commodities: Corn extends weekly drop
  • Energy: UK to cut taxes for shale explorers
  • Currencies:  Asian currencies poised for weekly decline
  • UK Property: Mortgage lending jumps to highest in five years
  • Focus On: The time-bomb is ticking for ageing UK



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