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US Equities in Neutral After Two Days of Gains   
Wed, 20 Aug 11:05 AM EST/04:05 PM GMT
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Economic Data
- (MX) Mexico Banamex Survey of Economists
- (UK) Aug CBI Industrial Trends Total Orders: 11 v 4e
- (US) MBA Mortgage Applications w/e Aug 15th: +1.4% v -2.7% prior
- (PL) Poland July Sold Industrial Output M/M: 2.3% v 1.7%e; Y/Y: 2.0% v 1.8%e
- (PL) Poland July PPI M/M: 0.0% v 0.1%e; Y/Y: -2.0% v -1.8%e
- (BR) Brazil Aug IBGE Inflation IPCA-15 M/M: 0.1% v 0.2%e; Y/Y: 6.5% v 6.5%e
- (CA) Canada Jun Wholesale Trade Sales M/M: 0.6% v 0.4%e
- (US) DOE Crude: -4.47M v -1Me; Gasoline: +0.59M v -1.5Me; Distillate: -0.96M v -1Me

- US futures were trading lower after two days of solid gains before the open, depressed in part by European equity weakness. Markets await the minutes of the July FOMC meeting for some clarity on exit positioning. As of writing, the DJIA id up 0.14%, the S&P500 is flat and the Nasdaq is down slightly.

- The dollar strengthened further in the Asia and European sessions, with EUR/USD touching 1.3275 and GBP/USD nearly reaching 1.6600 in the US premarket this morning. Both pairs bounced a little higher as US equities moved higher before and just after the open of trading. The 10-year UST is back above 2.40% but moves higher have been pretty choppy.

- There is plenty of deal chatter making the rounds this morning. Shares of SFLY popped 2.5% on reports that PE firms are looking to bid for the company, with offers valued as high as $2B. This ...
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