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Markets were seen gearing up for data day this Thursday, although the recent string of good news may suffer a setback if pre-release punditry surrounding US GDP numbers proves to be correct. A survey of 75 economists reveals that they reckon that the US economy probably shrank at a 1.5% rate in Q2 as opposed to what was reported last month, which was 1%. On the other hand, fairly good news was expected on the labour front this morning, as figures may show the first drop in unemployment benefits in nearly a month.
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