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"All eyes will be on upcoming data - next week's manufacturing, housing and inflation data may clarify the outlook. July IP may rise but more timely regional manufacturing data could slip; they are especially watching jobless claims. DB expects "CPI to move back into positive territory (+0.2% vs. -0.2% previously) as oil prices held steady last month. However, this may not be the case in August given benchmark crude has declined -8.6%"
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