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US GDP on target

SPX News by Newsroom on 08:33 July 28, 2017 EST
Gross domestic product in the US grew by 2.6% annualised on the second quarter according to the latest report released on Friday.

The expectation was for a reading of 2.55%, so very much inline with analysts forecast and it is substantially higher than GDP in q1 when it came at 1.4%.

Initial market reaction is null in the first few minutes after the news release.