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EU leaders debate whether further sanctions are needed on Russia   
Tue, 22 Jul 05:23 AM EST/10:23 AM GMT
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Notes/Observations
-EU debate whether new sanctions should be imposed against Russia (prior have been narrowly targeted and spared Russia's economy)
- China to restart RMBS sales to boost housing market after 6-year halt; property developers enjoying strong gains
- Euro continues probing the lower end of its 7-week range

Key Economic Data in session
- (JP) Japan May All Industry Activity Index M/M: 0.6% v 0.6%e
- (JP) Japan May Final Leading Index CI: 104.8 v 107.7 prelim; Coincident Index: 111.3 v 111.1 prior
- (JP) Japan Jun Supermarket Sales Y/Y: -2.8% v -2.2% prior
- (CH) Swiss Jun Trade Balance (CHF): 1.4B v 2.8Be; Real Exports M/M: +5.6 v -6.4% prior; Real Imports M/M: +10.8% v -1.6% prior
- (FI) Finland Jun Unemployment Rate: 9.2% v 10.7% prior
- (JP) Japan Jun Convenience Store Sales Y/Y: -1.9% v -0.8% prior
- (ZA) South Africa May Leading Indicator: 99.6 v 99.5 prior
- (EU) ECB €702M borrowed in overnight loan facility vs. €701M prior; €29B parked in deposit facility vs. €22.7B prior - Daily Eurosystem Liquidity Conditions
- (UK) Jun Public Finances (PSNCR): £11.8B v £8.5B prior; PSNB ex Interventions: £11.4B v £10.5Be prior; Public Sector Net Borrowing: £9.5B v £9.4Be
- (EU) Euro Area (EU-18) Q1 Government Debt to GDP Ratio: 93.9% v 92.7% q/q ...
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