International Summary

498 total posts

TGIF Global Markets 11/02/2018

News Trading Desk International Summary

International Summary

posted by CAPIS on 11/05/2018 at 10:18 am
by CAPIS on 11/05/2018

It is a top down day as word out of Washington sparked a global rally.  The day was already off to a good start following Pres. Trump’s tweet regarding his “good conversation” with Chinese Pres. Xi.  Then the markets made sharp gains in response to a report Pres. Trump has asked his cabinet to draft a possible Chinese trade deal.  This will be presented and discussed at the the G-20 meeting in Argentina at the end of the month.  Another positive is the U.S. has granted 8 nation’s exemptions to the Iranian oil sanctions to be imposed on Nov. 5th.  Those nation’s include Japan, India and S. Korea. Asian Markets Asia had solid gains with the Greater Chinese markets leading the way.  Australia lagged following a miss with retail sales and the energy sector weighing upon the ASX200.  All the major sectors ended the day in the green.  Telcos advanced more than 4% with health care higher by c. 3%.  Most of the rest gained more than 2%.  Within travel names,  Chinese airlines ascended thanks to a stronger yuan and lower crude prices.

It is a top down day as word out of Washington sparked a global rally.  The day was already off to a good start following Pres. Trump’s tweet regarding his “good conversation” with Chinese Pres. Xi.  Then the markets made sharp gains in response to a report Pres. Trump has asked his cabinet to draft a possible Chinese trade deal.  This will be presented and discussed at the the G-20 meeting in Argentina at the end of the month.  Another positive is the U.S. has granted 8 nation’s exemptions to the Iranian oil sanctions to be imposed on Nov. 5th.  Those nation’s include Japan, India and S. Korea. Asian Markets Asia had solid gains with the Greater Chinese markets leading the way.  Australia lagged following a miss with retail sales and the energy sector weighing upon the ASX200.  All the major sectors ended the day in the green.  Telcos advanced more than 4% with health care higher by c. 3%.  Most of the rest gained more than 2%.  Within travel names,  Chinese airlines ascended thanks to a stronger yuan and lower crude prices.

New post on gutenberg

News Trading Desk International Summary

International Summary

posted by Matt Kiselica on 08/06/2018 at 1:33 pm
by Matt Kiselica on 08/06/2018

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CAPIS International Summary, May 26th, 2016

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/26/2016 at 6:57 am
by Clayton Duff on 05/26/2016

Asian Headlines 2345689 A fairly tepid day of trading in Asia saw indices up small after the second day of gains in the States.  After opening higher, the Nikkei gave up gains closing the day flat with health care and the Energy sector leading.  Consumer good and Energy led in Hong Kong with oil holding gains near $50.00 that buoyed the sector in Australia as well. In China, Fitch upped 2016 Real GDP for this year and next ever so slightly noting policy stimulus is helping near term.  Crude inventories declined 3.68% at the end of April m/m. While down 4.5% in April, railway cargo volume was not as weak as the 9.4% drop in the 1Q.  Moody’s downgraded the Macau’s government’s credit rating reflecting concerns the city will suffer volatile growth as gaming revenue continues to flounder.  Real estate developer Country Garden +2% bought back 18.8m shares yesterday for HK$56.6m.  Advanced Semiconductor and Siliconware Precision were halted pending an announcement regarding joint venture talks.  After the close, Lenovo -.4% reported light 4Q NI citing weak PC sales and concerns on its revival of the Motorola smartphone brand. The ¥ rallied back under 110 early in the session but slowly gave back…

Asian Headlines 2345689 A fairly tepid day of trading in Asia saw indices up small after the second day of gains in the States.  After opening higher, the Nikkei gave up gains closing the day flat with health care and the Energy sector leading.  Consumer good and Energy led in Hong Kong with oil holding gains near $50.00 that buoyed the sector in Australia as well. In China, Fitch upped 2016 Real GDP for this year and next ever so slightly noting policy stimulus is helping near term.  Crude inventories declined 3.68% at the end of April m/m. While down 4.5% in April, railway cargo volume was not as weak as the 9.4% drop in the 1Q.  Moody’s downgraded the Macau’s government’s credit rating reflecting concerns the city will suffer volatile growth as gaming revenue continues to flounder.  Real estate developer Country Garden +2% bought back 18.8m shares yesterday for HK$56.6m.  Advanced Semiconductor and Siliconware Precision were halted pending an announcement regarding joint venture talks.  After the close, Lenovo -.4% reported light 4Q NI citing weak PC sales and concerns on its revival of the Motorola smartphone brand. The ¥ rallied back under 110 early in the session but slowly gave back…

CAPIS International Summary May 25th, 2016

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/25/2016 at 6:25 am
by Clayton Duff on 05/25/2016

Asian Headlines 2 Following on the heels of a solid US session, Asia trended higher as well with mainland Chinese markets sitting out the rally.  In Japan, the strength was broad-based with Telcos and Consumer Discretionary names seeing gains over 2.5%.  Hong Kong saw much of the same with Energy and Telcos leading.  With Oil rallying today, Energy led in Australia. The PBOC weakened its currency fixing to the lowest level since 2011 as the U.S. dollar strengthened.  Premier Li called for promotion of growth in high technology and modern services as the IT sector was a relative outperformer in Shanghai.  A report out today in China noted state-owned entities saw revs lower by 1.7% with profits off 8.4% YoY in April.  Tencent’s +2.5% Chairman Ma said Q1 internet service growth was ahead of estimates adding their data storage grows by 500TB each day.  China Coal rallied 9.2% after the Economic Info. Daily reported China’s big 4 coal producers may consider a June price increase. Japanese stocks surged as the ¥ weakened to the 110 level following better U.S. home new sales.  Yomiuri reported PM Abe plans to delay the sales tax after the Diet session ends June 1.  FM…

Asian Headlines 2 Following on the heels of a solid US session, Asia trended higher as well with mainland Chinese markets sitting out the rally.  In Japan, the strength was broad-based with Telcos and Consumer Discretionary names seeing gains over 2.5%.  Hong Kong saw much of the same with Energy and Telcos leading.  With Oil rallying today, Energy led in Australia. The PBOC weakened its currency fixing to the lowest level since 2011 as the U.S. dollar strengthened.  Premier Li called for promotion of growth in high technology and modern services as the IT sector was a relative outperformer in Shanghai.  A report out today in China noted state-owned entities saw revs lower by 1.7% with profits off 8.4% YoY in April.  Tencent’s +2.5% Chairman Ma said Q1 internet service growth was ahead of estimates adding their data storage grows by 500TB each day.  China Coal rallied 9.2% after the Economic Info. Daily reported China’s big 4 coal producers may consider a June price increase. Japanese stocks surged as the ¥ weakened to the 110 level following better U.S. home new sales.  Yomiuri reported PM Abe plans to delay the sales tax after the Diet session ends June 1.  FM…

CAPIS European Close May 24th, 2016

News Trading Desk International Summary

International Summary

posted by Marcus McNeal on 05/24/2016 at 12:19 pm
by Marcus McNeal on 05/24/2016

After bouncing off of lows in the first several minutes of trades Europe steadily marched upward finishing just off  highs.  Many of the major bourses across the region added more than 2% with the Stoxx600 2.21% performing inline with all sectors in the green.  Insurance and Banks both topped 3% in gains. Adding to the positive sentiment was a firm US open following the strong home sales numbers. Germany’s Dax +2.18% traded sharply higher despite an unexpected drop in the Zew Survey. Crude had traded lower for most of the session, but turned positive in the afternoon. Both WTI +1.16% and Brent +.64% are currently pulling off of highs. Volumes were approximately 5% ahead of recent volumes. It is estimated that 20% of gas stations in the France are either dry or low of supplies.  All eight of the countries refineries are subject to a worker’s strike (A strike in France?) who are protesting new labor laws that make it easier to hire and fire staff.  The protest have included blockades of several refineries and ports. The union behind the strike says that they are aiming to cut production by half and extend the strike to railways. keep an eye on this space. For…

After bouncing off of lows in the first several minutes of trades Europe steadily marched upward finishing just off  highs.  Many of the major bourses across the region added more than 2% with the Stoxx600 2.21% performing inline with all sectors in the green.  Insurance and Banks both topped 3% in gains. Adding to the positive sentiment was a firm US open following the strong home sales numbers. Germany’s Dax +2.18% traded sharply higher despite an unexpected drop in the Zew Survey. Crude had traded lower for most of the session, but turned positive in the afternoon. Both WTI +1.16% and Brent +.64% are currently pulling off of highs. Volumes were approximately 5% ahead of recent volumes. It is estimated that 20% of gas stations in the France are either dry or low of supplies.  All eight of the countries refineries are subject to a worker’s strike (A strike in France?) who are protesting new labor laws that make it easier to hire and fire staff.  The protest have included blockades of several refineries and ports. The union behind the strike says that they are aiming to cut production by half and extend the strike to railways. keep an eye on this space. For…

CAPIS International Summary May 24th, 2016

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/24/2016 at 6:58 am
by Clayton Duff on 05/24/2016

Asian Headlines Apart from Hong Kong, Asian markets finished slightly lower today with the Nikkei underperforming on weak Financials and IT. Hong Kong eked out a small gain on the back of advances in gaming names. China’s yuan was the only Asian currency to advance as the PBOC strengthened the daily fixing rate and the WSJ reported the central banks priority was for “market stability.” Hedge funds holding of U.S. listed Chinese Tech stocks dropped by $2.7b or about 12% in the Q1 after adding to the sector in the Q3.  Tencent rose .9% as mobile phone game players reached 100m with the company in talks to buy a Supercell stake from Softbank -1.2%.  Macau April visitor arrivals fell only 3% y/y in April with the destination looking to add theme parks and sporting events to raise non-gaming revenue.  Citi noted betting averages were rising with playing time up as well. Galaxy +5%, MGM China +2.4%, Wynn Macau +3.7%. Japan’s FM Aso told parliament the government has no intention of further lowering the currency or devaluing the ¥ in a sustained manner.  However, he added a two day move by 5 yen either way would be considered lopsided and they would intervene.…

Asian Headlines Apart from Hong Kong, Asian markets finished slightly lower today with the Nikkei underperforming on weak Financials and IT. Hong Kong eked out a small gain on the back of advances in gaming names. China’s yuan was the only Asian currency to advance as the PBOC strengthened the daily fixing rate and the WSJ reported the central banks priority was for “market stability.” Hedge funds holding of U.S. listed Chinese Tech stocks dropped by $2.7b or about 12% in the Q1 after adding to the sector in the Q3.  Tencent rose .9% as mobile phone game players reached 100m with the company in talks to buy a Supercell stake from Softbank -1.2%.  Macau April visitor arrivals fell only 3% y/y in April with the destination looking to add theme parks and sporting events to raise non-gaming revenue.  Citi noted betting averages were rising with playing time up as well. Galaxy +5%, MGM China +2.4%, Wynn Macau +3.7%. Japan’s FM Aso told parliament the government has no intention of further lowering the currency or devaluing the ¥ in a sustained manner.  However, he added a two day move by 5 yen either way would be considered lopsided and they would intervene.…

CAPIS European Close May 23rd, 2016

News Trading Desk International Summary

International Summary

posted by Marcus McNeal on 05/23/2016 at 11:39 am
by Marcus McNeal on 05/23/2016

Following an early morning pullbac European markets never fully recovered and finished lower across the board.  The EuroStoxx600 -.39% finished off lows with the sectors ending mostly lower. Telecoms -1.02% joined Autos -1.29%, Energy -1.43%, and Chemicals -1.65% to shed more than a percent.  Crude [WTI -1.36% / Brent -1.44%] is trading off in response to Iran, again, insisting it would not agree to a production output freeze. The comments from the deputy OM put a damper on the high hopes of coordination at the June 2 OPEC meeting in Vienna. Other commodities are also trading lower while the USD is trading stronger against a basket. Volumes were off 12.8% recent volumes. Bilfinger +.48%, according to Welt, a local newspaper, the company will announce the sale of its building and real estate services unit.  The unit is reportedly worth just under €1.4B. One company that has expressed interest in the unit is Porr +.06%, an Austrian based construction firm. Bayer -5.33% continued to move lower throughout the session as investors remained worried the large price offered for Monsanto +5.7% would put a strain on finances. Novartis +2.6% saw its heart failure treatment entresto given “Class I” status in both in the EU and States.…

Following an early morning pullbac European markets never fully recovered and finished lower across the board.  The EuroStoxx600 -.39% finished off lows with the sectors ending mostly lower. Telecoms -1.02% joined Autos -1.29%, Energy -1.43%, and Chemicals -1.65% to shed more than a percent.  Crude [WTI -1.36% / Brent -1.44%] is trading off in response to Iran, again, insisting it would not agree to a production output freeze. The comments from the deputy OM put a damper on the high hopes of coordination at the June 2 OPEC meeting in Vienna. Other commodities are also trading lower while the USD is trading stronger against a basket. Volumes were off 12.8% recent volumes. Bilfinger +.48%, according to Welt, a local newspaper, the company will announce the sale of its building and real estate services unit.  The unit is reportedly worth just under €1.4B. One company that has expressed interest in the unit is Porr +.06%, an Austrian based construction firm. Bayer -5.33% continued to move lower throughout the session as investors remained worried the large price offered for Monsanto +5.7% would put a strain on finances. Novartis +2.6% saw its heart failure treatment entresto given “Class I” status in both in the EU and States.…

CAPIS International Summary May 23rd, 2016

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/23/2016 at 6:55 am
by Clayton Duff on 05/23/2016

Asian Headlines A fairly subdued start to the week in Asia with most markets keeping moves either way intact.  The small-cap Shenzhen market was a standout, rallying 1.45% on the day, as Consumer Discretionary and Industrial names rallied. Taiwan also finished strong, up 2.62%, as  IT and Energy saw gains of over 3%.   Japan shook off mid-morning weakness to end down small even as the ¥ has strengthened from Friday.  Over the weekend, the G7 summit saw the U.S. Sec. of the Treasury Lew and FinMin Aso of Japan disagree over the “disorderly” moves in the Yen with Lew opposing Aso’s view of possible necessary intervention. At home, FOMC voter Rosengren expressed hawkish views. In Japan, the Nikkei flash manufacturing PMI in May was 47.6 the lowest reading since Dec. 2012 and light vs. April’s 48.2 reading.  Economists cited the recent earthquakes along with weaker foreign demand.  Exports in April posted a 7th monthly decline by 10.1% y/y vs. the -9.9% estimate.  Imports dropped 23.3% y/y vs. the -19.2% estimate leaving a ¥823.5B trade surplus. This was the 16th month of import slippage.  The Nikkei reported that Toyota -1% and Fuji Heavy -.6% are looking to expand development cooperation which includes 2nd…

Asian Headlines A fairly subdued start to the week in Asia with most markets keeping moves either way intact.  The small-cap Shenzhen market was a standout, rallying 1.45% on the day, as Consumer Discretionary and Industrial names rallied. Taiwan also finished strong, up 2.62%, as  IT and Energy saw gains of over 3%.   Japan shook off mid-morning weakness to end down small even as the ¥ has strengthened from Friday.  Over the weekend, the G7 summit saw the U.S. Sec. of the Treasury Lew and FinMin Aso of Japan disagree over the “disorderly” moves in the Yen with Lew opposing Aso’s view of possible necessary intervention. At home, FOMC voter Rosengren expressed hawkish views. In Japan, the Nikkei flash manufacturing PMI in May was 47.6 the lowest reading since Dec. 2012 and light vs. April’s 48.2 reading.  Economists cited the recent earthquakes along with weaker foreign demand.  Exports in April posted a 7th monthly decline by 10.1% y/y vs. the -9.9% estimate.  Imports dropped 23.3% y/y vs. the -19.2% estimate leaving a ¥823.5B trade surplus. This was the 16th month of import slippage.  The Nikkei reported that Toyota -1% and Fuji Heavy -.6% are looking to expand development cooperation which includes 2nd…

CAPIS European Close May 19th, 2016 – test 2

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/19/2016 at 12:42 pm
by Clayton Duff on 05/19/2016

After the short-lived rally post lunch indices again worked their way back to the lows from earlier. A weaker US weighed with all sectors to the downside.  Chemicals, Energy, and Basic Resources all saw losses of over 2.5%. With US Fed speakers strongly hinting towards a rate hike next month the Dollar is on the upswing today.   The Euro pushed down through the 400 day and is approaching the 100 day which is under 1.12.  The Pound gave up most of its earlier gains and is holding 1.46 currently. As we noted yesterday concerning Saudi Arabia considering issuing bonds they today sent a request to banks asking for a proposal for Eurobonds. Apart from the missing Egyptian airliner and the potential rate hikes in the States, much of the news out today was focused on M&A. Bayer fell 8.2% post its unsolicited acquisition proposal for the US’ Monsanto. With no specifics out as of yet, we are seeing a slew of downgrades with BofAML cutting the name to Neutral. Reckitt Benckiser fell 1.3% with word they are bidding for Church & Dwight. Even as C&D is up but off of highs in the US several banks have noted they do not expect this…

After the short-lived rally post lunch indices again worked their way back to the lows from earlier. A weaker US weighed with all sectors to the downside.  Chemicals, Energy, and Basic Resources all saw losses of over 2.5%. With US Fed speakers strongly hinting towards a rate hike next month the Dollar is on the upswing today.   The Euro pushed down through the 400 day and is approaching the 100 day which is under 1.12.  The Pound gave up most of its earlier gains and is holding 1.46 currently. As we noted yesterday concerning Saudi Arabia considering issuing bonds they today sent a request to banks asking for a proposal for Eurobonds. Apart from the missing Egyptian airliner and the potential rate hikes in the States, much of the news out today was focused on M&A. Bayer fell 8.2% post its unsolicited acquisition proposal for the US’ Monsanto. With no specifics out as of yet, we are seeing a slew of downgrades with BofAML cutting the name to Neutral. Reckitt Benckiser fell 1.3% with word they are bidding for Church & Dwight. Even as C&D is up but off of highs in the US several banks have noted they do not expect this…

CAPIS European Close May 18th, 2016 21

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/18/2016 at 12:50 pm
by Clayton Duff on 05/18/2016

As the US shook off initial weakness and worked higher, Europe did the same, closing at highs.   This action essentially put us right back at Monday’s close.  Sector-wise, all finished up except for Autos and Basic Resources which fell .08% and .60% respectively.  Travel names led on the session with Banks sharing the spotlight with 2% gains on the day.  Volume which had been 20% slower on the session picked up in the afternoon but was still down 10% on the day. The Euro continues to move off with the Dollar seeing strength post hawkish speak from several Fed govs yesterday. The release of April’s Fed minutes should create some clarity.  The Pound though is moving up, currently up over 1.46.  This post polls showing voters are leaning more towards staying within the EU. Of interest Bloomberg released a story noting Saudi Arabia is looking to compensate contractors with outstanding bills with government-issued bonds. With several other options being considered as well the country did pay contractors this way back in the 1990’s when oil prices were less than half what they are now.  Also, China today formally ended their one child policy now allowing for married couples to have…

As the US shook off initial weakness and worked higher, Europe did the same, closing at highs.   This action essentially put us right back at Monday’s close.  Sector-wise, all finished up except for Autos and Basic Resources which fell .08% and .60% respectively.  Travel names led on the session with Banks sharing the spotlight with 2% gains on the day.  Volume which had been 20% slower on the session picked up in the afternoon but was still down 10% on the day. The Euro continues to move off with the Dollar seeing strength post hawkish speak from several Fed govs yesterday. The release of April’s Fed minutes should create some clarity.  The Pound though is moving up, currently up over 1.46.  This post polls showing voters are leaning more towards staying within the EU. Of interest Bloomberg released a story noting Saudi Arabia is looking to compensate contractors with outstanding bills with government-issued bonds. With several other options being considered as well the country did pay contractors this way back in the 1990’s when oil prices were less than half what they are now.  Also, China today formally ended their one child policy now allowing for married couples to have…

CAPIS International Summary 5/18/2016

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/18/2016 at 2:59 am
by Clayton Duff on 05/18/2016

Asian Headlines Asia was lower with the fears of a more hawkish Fed that dragged the States lower weighing upon the region.  All major sectors were in the red with industrials, basic materials and telcoms all lower by c. 1%. Japan vacillated following a stronger than expected increase in GDP that saved the nation from falling into recession.  Q1 GDP was 0.4% q/q vs. 0.1% anticipated, reaching a 1 year high.  This did create a bit of a quandary for investors.  The growth would indicate the BoJ can hold off on additional stimulus and/or the government could proceed with the planned consumption tax increase.  On the other side of the coin, the indications of a tightening Fed should boost the “Greenback” vs. the ¥.   These contrasting viewpoints caused the majors indices to seesaw during the session and essentially end flat.  Banks traded better on the GDP and hopes the BoJ will pass along negative interest benefits to them.  The stock of the day was Suzuki Motor -9.6% which become the latest company to indicate they have an issue with fuel mileage testing.  After the close, they clarified while incorrect mileage tests were used, there was “no need to correct fuel-efficiency…

Asian Headlines Asia was lower with the fears of a more hawkish Fed that dragged the States lower weighing upon the region.  All major sectors were in the red with industrials, basic materials and telcoms all lower by c. 1%. Japan vacillated following a stronger than expected increase in GDP that saved the nation from falling into recession.  Q1 GDP was 0.4% q/q vs. 0.1% anticipated, reaching a 1 year high.  This did create a bit of a quandary for investors.  The growth would indicate the BoJ can hold off on additional stimulus and/or the government could proceed with the planned consumption tax increase.  On the other side of the coin, the indications of a tightening Fed should boost the “Greenback” vs. the ¥.   These contrasting viewpoints caused the majors indices to seesaw during the session and essentially end flat.  Banks traded better on the GDP and hopes the BoJ will pass along negative interest benefits to them.  The stock of the day was Suzuki Motor -9.6% which become the latest company to indicate they have an issue with fuel mileage testing.  After the close, they clarified while incorrect mileage tests were used, there was “no need to correct fuel-efficiency…

CAPIS European Close May 17th, 2016

News Trading Desk International Summary

International Summary

posted by Marcus McNeal on 05/17/2016 at 11:53 am
by Marcus McNeal on 05/17/2016

European market closed the day mixed with the Stoxx600 finishing flat. Autos -2.66%  weighed on sentiment after HSBC cut the sector to “underweight” versus “neutral”. Basic Resources +1.87% outperformed the other sectors for the second day in a row as mining names continued higher  on strength in commodities. WTI +1.09% has traded in positive territory most of the session with a brief afternoon pullback, though it has moved back near morning highs. Brent +.92% had a protracted pullback, but has since stabilized near day’s highs. Volumes were about 6% ahead recent averages. Novartis +.07% announced just after close that they will be splitting their pharmaceuticals business into two business; Novartis Pharmaceuticals and Novartis Oncology. The split will allow the co. to further integrate the oncology assets they purchased from GSK -.41%. The former head of the Pharmaceuticals unit will be leaving the company. Staying in the pharma space Syngenta -.79% said the offer period for ChemChina  has been extended. The extensions was granted to due to the latter waiting for regulatory approvals for the $43B takeover in several countries. The new deadline has been extended to July 18th. Vodafone +1.50% traded higher on the day after they posted a 2.7% YoY growth in earnings to…

European market closed the day mixed with the Stoxx600 finishing flat. Autos -2.66%  weighed on sentiment after HSBC cut the sector to “underweight” versus “neutral”. Basic Resources +1.87% outperformed the other sectors for the second day in a row as mining names continued higher  on strength in commodities. WTI +1.09% has traded in positive territory most of the session with a brief afternoon pullback, though it has moved back near morning highs. Brent +.92% had a protracted pullback, but has since stabilized near day’s highs. Volumes were about 6% ahead recent averages. Novartis +.07% announced just after close that they will be splitting their pharmaceuticals business into two business; Novartis Pharmaceuticals and Novartis Oncology. The split will allow the co. to further integrate the oncology assets they purchased from GSK -.41%. The former head of the Pharmaceuticals unit will be leaving the company. Staying in the pharma space Syngenta -.79% said the offer period for ChemChina  has been extended. The extensions was granted to due to the latter waiting for regulatory approvals for the $43B takeover in several countries. The new deadline has been extended to July 18th. Vodafone +1.50% traded higher on the day after they posted a 2.7% YoY growth in earnings to…

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