Analyst news

• PayPal announces Visa partnership; earnings rise

  21-07-2016 23:13 via news.yahoo.com
  
  PayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a partnership with Visa Inc that is expected to bring a significant revenue increase. The company also unveiled a partnership with Visa - a deal for which investors had been eager - intended to make it easier for PayPal customers to use Visa credit cards in their transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.
  
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• Visa earnings fall due to costs tied to Visa Europe purchase

  21-07-2016 23:07 via news.yahoo.com
  
  NEW YORK (AP) — Credit and debit card processor Visa Inc. said its fiscal third-quarter earnings fell 76 percent from a year ago, largely due to the cost of completing its purchase of its operations in Europe.
  
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• TSX rises to 11-month high as mining stocks rally

  21-07-2016 22:41 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index rose to an 11-month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp . "Canada is actually in OK economic shape relative to other parts of the world," said Bryden Teich, portfolio manager at Avenue Investment Management, who expects fiscal spending to give the economy an additional boost. "Relatively speaking the stock market still offers a place to g
  
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• PayPal announces Visa partnership, 15 percent revenue growth

  21-07-2016 22:31 via news.yahoo.com
  (Reuters) - PayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a new partnership with Visa Inc that is expected to bring a significant revenue increase. PayPal posted second-quarter earnings of 36 cents per share, in line with analysts' expectations, and revenue growth of 15 percent to $2.65 billion. (Reporting by Heather Somerville in San Francisco; Editing by Matthew Lewis)
  
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• Intel, transports sap Wall Street's strength

  21-07-2016 22:31 via news.yahoo.com
  
  The S&P 500 and Dow industrials pulled back from record highs and the Dow snapped a nine-session streak of gains. Southwest Airlines fell 11.2 percent and led other airline stocks lower after the company forecast a drop in a key profitability metric. The stocks dragged down the Dow Jones transport index , which is often seen as a barometer of the market's health and the overall economy.
  
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• JPMorgan to pay about $200 million to settle Asia hiring probes

  21-07-2016 22:26 via news.yahoo.com
  
  JPMorgan Chase and Co is expected to pay about $200 million to settle criminal and civil probes over its Asian hiring practices, according to a person familiar with the matter. A settlement, which could come later this year, would end probes that began three years ago into whether JPMorgan investment banking executives in Hong Kong hired sons and daughters of officials of Chinese companies as a way to win business. The prospect of a settlement was reported on Thursday by the Wall Street Journal.
  
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• Wall St. falls as Intel, transport earnings weigh

  21-07-2016 22:03 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street cooled off on Thursday as disappointing quarterly reports from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate earnings season that has been better than feared.
  
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• Wall Street cools as Intel, transport results disappoint

  21-07-2016 21:02 via news.yahoo.com
  
  Wall Street cooled off on Thursday as disappointing results from tech stalwart Intel and from transportation companies stalled momentum in a U.S. corporate reporting season that has been better than feared. The S&P 500 and Dow industrials pulled back from record highs and the Dow was set to snap a nine-session streak of gains. Southwest Airlines fell 11.1 percent and led other airline stocks lower after the company forecast a drop in a key profitability metric.
  
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• USD/CAD Eyes Key Resistance Hurdle Ahead of Canada Retail Sales/CPI

  21-07-2016 21:02
  The rally is approaching topside resistance targets ahead of key economic data tomorrow. Here are the updated targets & invalidation levels that matter into the release.
  
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• JPMorgan to pay about $200 million to settle Asia hiring probes: WSJ

  21-07-2016 20:20 via news.yahoo.com
  
  (Reuters) - JPMorgan Chase and Co is expected to pay about $200 million to settle criminal and civil probes over its Asia hiring practices, the Wall Street Journal reported, citing people familiar with the matter. JPMorgan would likely admit that its hiring practices, including a China program in which it hired the children of powerful people, violated a U.S. law prohibiting giving something of value in exchange for business, the Journal said. (http://on.wsj. ...
  
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• AUD/JPY- View Weakness as an Opportunity

  21-07-2016 19:21
  The post-Brexit rally remains vulnerable near-term with weakness to offer favorable long-entries. Here are the updated targets & invalidation levels that matter.
  
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• China’s Market News: Fiscal Spending Soars in the First Half of 2016

  21-07-2016 19:19
  As the efficiency of monetary policy is on the decline, China moves to a more proactive fiscal policy.
  
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• Wall Street falls on disappointing reports from Intel, others

  21-07-2016 19:04 via news.yahoo.com
  
  Intel shares were down 4.3 percent at $34.14 after it reported slowing revenue growth at its key data center business. The stock was the biggest drag on the S&P and Nasdaq. Fellow chipmaker Qualcomm was the biggest positive influence on the S&P and Nasdaq, rising 7.4 percent after its results and forecast topped estimates.
  
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• Canadian energy earnings hint at brighter outlook for oil

  21-07-2016 19:03 via news.yahoo.com
  
  By Nia Williams and Amrutha Gayathri CALGARY, Alberta (Reuters) - The Canadian oil and gas earnings season kicked off on Thursday with signs of an industry recovery as Encana Corp and Precision Drilling Corp outlined plans to boost activity. Calgary-based Encana reported an unexpected quarterly operating profit and said it would boost 2016 capital spending by $200 million from a previously announced range of $900 million to $1 billion. It also plans to increase production by about 13,000 barrels
  
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• Liberty Media CEO made offer for Pandora in recent months: WSJ

  21-07-2016 18:52 via news.yahoo.com
  
  (Reuters) - Liberty Media Corp Chief Executive Greg Maffei made an offer to buy internet radio company Pandora Media Inc in recent months, valuing the company at more than $3.4 billion, the Wall Street Journal reported on Thursday. Pandora's board rebuffed the advance, because it believed the company's true value was closer to what it was in the fall, when the shares were trading around $20, the Journal said, citing people familiar with the matter. The $15 per share offer from Maffei was several
  
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• AUD/USD Fails to Make Significant Progress as Price Ranges

  21-07-2016 18:40
  The AUD/USD is trading in a 65 pip range after printing a new weekly low at .7452.
  
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• Stocks pull back slightly after a record-setting win streak

  21-07-2016 18:22 via news.yahoo.com
  
  NEW YORK (AP) — Stocks pulled back moderately in midday trading on Wall Street Thursday as investors hit the pause button following a record-setting streak. Several companies including Intel and Southwest Airlines reported earnings that disappointed investors. Industrial and materials companies had some of the biggest declines.
  
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• Global equity markets little changed, euro slips after ECB

  21-07-2016 17:58 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - World equity markets were little changed on Thursday, with the key U.S. Dow and S&P stock indexes hovering below record highs, while the euro fell, erasing earlier gains spurred by the European Central Bank's decision to refrain from more stimuli. U.S. and European equity markets have been on a tear due to upbeat company earnings and encouraging U.S. economic data, helping them rebound from losses tied to Britain's stunning vote to leave the European Uni
  
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• Equity markets little changed, euro slips after ECB

  21-07-2016 17:56 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - World equity markets were little changed on Thursday, with the key U.S. Dow and S&P stock indexes hovering below record highs, while the euro fell, erasing earlier gains spurred by the European Central Bank's decision to refrain from more stimuli. U.S. and European equity markets have been on a tear due to upbeat company earnings and encouraging U.S. economic data, helping them rebound from losses tied to Britain's stunning vote to leave the European Uni
  
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• Wall Street flat as investors digest rally, earnings reports

  21-07-2016 17:28 via news.yahoo.com
  
  The Nasdaq Composite was up 3.66 points, or 0.07 percent, at 5,093.59. On the Nasdaq, 1,415 issues rose and 1,178 fell. The S&P 500 index showed 20 new 52-week highs and no new lows, while the Nasdaq recorded 60 new highs and 11 new lows.
  
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• EUR/USD Sits at Support Post-ECB; Outlook Favors Further Losses

  21-07-2016 17:15
  Even though the ECB sticks to the sidelines, EUR/USD remains at risk for further losses as the bearish patterns from earlier this year continue to take shape.
  
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• MIDEAST STOCKS-Gulf falls on oil and earnings, Egypt hit by FX worries

  21-07-2016 16:51 via news.yahoo.com
  * Emaar Properties fails to break technical resistance * Saudi's Yamama Cement tumbles on earnings, dividend cut * But petchems strong, Yanbu climbs after Q2 earnings beat * Widespread selling of banks pulls down Qatar * Gap between official, unofficial Egypt FX rates hits record By Andrew Torchia DUBAI, July 21 (Reuters) - Most Gulf stock markets fell on Thursday amid soft oil prices and mixed corporate earnings, while Egypt was hit once again by concern about instability in the country's curre
  
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• Could Gas Prices End This 'Dumb Money' Stock Rally?

  21-07-2016 16:40 via news.yahoo.com
  
  The stock market's obsession with monetary morphine has fueled a new high. The Bank of England, at the epicenter of the Brexit fallout, held off on any new action and has found that the vote to leave the European Union hasn't hurt the economy.
  
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• S&P 500: Complacency and Waning Breadth Heightens Risk of a Decline

  21-07-2016 16:27
  Extremely low volatility and waning market breadth suggests market is due for a pullback.
  
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• ECB Keeps Rates on Hold; EUR/USD Shifts Lower after Draghi

  21-07-2016 16:20
  As expected, the ECB kept rates on hold today.
  
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• Wall Street little changed on mixed earnings reports

  21-07-2016 15:55 via news.yahoo.com
  
  The stock was the biggest drag on the three major indexes, while fellow chipmaker Qualcomm was the biggest positive influence on the S&P and Nasdaq. Qualcomm was up 6.9 percent at $59.68 after its quarterly results and forecast topped market estimates. Another boost to the S&P and Nasdaq was Biogen , which was up 6.7 percent at $278.32 after its results beat expectations.
  
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• Dish posts record pay-TV subscriber drop, earnings beat estimates

  21-07-2016 15:46 via news.yahoo.com
  
  Dish said it lost 281,000 net pay-TV subscribers in the second quarter ended June 30, significantly more than the average analyst estimate of a loss of 91,000 subscribers, according to market research firm FactSet StreetEstimate. When Dish reports pay-TV subscriber numbers, it includes satellite TV and Sling TV customers.
  
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• USD/CAD Steadies as Weekly Jobs Data Supports Improvement in Sentiment

  21-07-2016 15:35
  US data out this morning beat expectations on almost all counts, but had little impact on the US Dollar.
  
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• Shakeout in the Yen on Prospect of ’Helicopter Money’

  21-07-2016 15:30
  The Yen saw a quick reversal last night on an interview with BoJ Governor Kuroda in which he rebuked the idea of helicopter money. But when it came out that this interview was over a month old, Yen weakness came back-in as stimulus bets resumed.
  
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• Saudi's SAFCO extends earnings slump as Q2 profit halves

  21-07-2016 15:12 via news.yahoo.com
  Saudi Arabia Fertilizers Co (SAFCO) met analyst forecasts on Thursday but extended its earnings slump, as its second-quarter net profit halved year on year as product prices remained low. SAFCO, a unit of Saudi Basic Industries Corp (SABIC), made a net profit of 299 million riyals ($79.7 million) in the three months to June 30, compared with the 596 million riyals it reported in the year-earlier period, it said in a bourse statement. SAFCO cited lower selling prices for its products for the prof
  
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• Global stocks nurse nine-month highs as ECB stays loose

  21-07-2016 15:07 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks faded after hitting nine-month highs on Thursday, cooled by signals from Japan that its next shot of stimulus won't include hand-out 'helicopter money'. The European Central Bank, at its first post-Brexit meeting, opted to keep its record low interest rates on hold and Wall Street markets looked to be heading for a subdued restart. It fell to a six-week low on reports of a 20 trillion plus yen Japanese stimulus package only to bolt up as Bank of Japa
  
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• Stocks nurse nine-month highs as ECB stays loose

  21-07-2016 15:05 via news.yahoo.com
  
  World stocks faded after hitting nine-month highs on Thursday, cooled by signals from Japan that its next shot of stimulus won't include hand-out 'helicopter money'. The European Central Bank, at its first post-Brexit meeting, opted to keep its record low interest rates on hold and Wall Street markets looked to be heading for a subdued restart. It fell to a six-week low on reports of a 20 trillion plus yen Japanese stimulus package only to bolt up as Bank of Japan chief Haruhiko Kuroda shot down
  
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• Analytical review of the stocks of Microsoft Corporation for 21.07.2016.

  21-07-2016 14:17 via liteforex.com
  Forex analytics: Microsoft Corporation, #MSFT [NASD] Technologies, Software & Services, USA Financial performance of the company:Index – DJIA, S&P 500; Beta – 0.93; Capitalization – 411.28 В;Return on asset – 6.50%; Income – 25.7 В; Average volume – 39.67 М;P/E – 37.14; ATR – 1.52. Analytical review:The company ranks the fourth on ...
  
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• ECB Keeps Rates on Hold; EUR/USD Awaits Draghi Commentary

  21-07-2016 14:15
  As expected, the ECB kept rates on hold today.
  
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• Blackstone earnings beat forecasts on real estate, energy

  21-07-2016 13:41 via news.yahoo.com
  
  NEW YORK (Reuters) - Blackstone Group LP , the world's largest alternative asset manager, reported higher-than-expected economic net income of 44 cents per share for the second quarter, helped by strong real estate investments and a rebound in energy prices. Blackstone said on Thursday its second-quarter ENI was up 2 percent from a year earlier. Analysts had expected ENI to fall 9 percent to 39 cents per share from 43 cents. ENI, a key earnings metric for U.S. private equity firms, accounts for
  
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• General Motors 2Q profit more than doubles on US earnings

  21-07-2016 13:31 via news.yahoo.com
  
  DETROIT (AP) — General Motors' second-quarter profit more than doubled to a record $2.87 billion, even as the company cut sales to rental car companies and saw its sales fall in the U.S., its most lucrative market.
  
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• Futures little changed ahead of raft of data, earnings

  21-07-2016 13:16 via news.yahoo.com
  
  U.S. stock index futures were little changed on Thursday ahead of a flood of earnings reports and economic data, including the European Central Bank's first meeting since the Brexit vote. * The ECB is all but certain to keep rates firmly on hold, but will have to address an ever-growing list of obstacles that threaten once again to derail its efforts to revive growth and inflation. The rate decision is due at 7:45 a.m. ET (1145 GMT) and President Mario Draghi will hold a news conference at 8:30
  
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• Preview for ECB: No Rate Cut Yet but Tweaks to QE Program Possible

  21-07-2016 12:45
  The recent downdraft in core sovereign yields (German bunds mainly) means the ECB likely needs to make a technical adjustment to its bond buying program.
  
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• NZD/USD: the pair is under pressure. Technical analysis for 21.07.2016.

  21-07-2016 12:31 via liteforex.com
  Forex analytics: Review and dynamicsYesterday (23:00 GMT+2), the RBNZ presented new economic forecast and the Governor of the RBNZ Graeme Wheeler said that more monetary policy easing is required in the country. On these facts the NZD sharply fell in the currency market. The decline in the pair, which started at the beginning of this week, continued. Within two weeks the pair NZD/USD dropped by over 300 points, ...
  
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• Silver Prices: Finally Make a Meaningful Move (Lower)

  21-07-2016 12:16
  A look at the short-term and long-term technical structure.
  
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• China's ballooning corporate debt a key tail risk for global credit - S&P

  21-07-2016 11:58 via news.yahoo.com
  
  Chinese companies will consume nearly two-thirds of new credit raised globally by 2020 as the world's second-largest economy leans on the corporate sector to support growth, said a report from S&P Global published on Thursday. The report highlighted China's opaque and ever-expanding corporate sector and rapidly rising U.S. leveraged finance as key tail risks for global credit, with outstanding debt forecast to expand by half to $75 trillion (£56.81 trillion) by 2020. China's share in t
  
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• China's ballooning corporate debt a key tail risk for global credit – S&P

  21-07-2016 11:58 via rocketnews.com
  HONG KONG (Reuters) – Chinese companies will consume nearly two-thirds of new credit raised globally by 2020 as the world’s second-largest economy leans on the corporate sector to support growth, said a report from S&P Global published on Thursday.
  The report highlighted China’s opaque and ever-expanding corporate sector and rapidly rising U.S. leveraged finance as key tail risks for global credit, with outstanding debt forecast to expand by half to $75 trillion (£56.
  
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• FCA stops short of major overhaul of 'dark pool' share trading

  21-07-2016 11:48 via rocketnews.com
  By Huw Jones
  LONDON (Reuters) – Dark pools or anonymous share trading platforms, must improve how they handle conflicts of interest, Britain’s markets watchdog said on Thursday in a keenly-awaited review that stopped short of proposing any major shake-up.
  Dark pools are trading venues that differ from “lit” or public exchanges because share orders are not visible to other traders until they are executed.
  They have attracted increasing scrutiny in recent years, amid claims
  
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• NZD/USD: RBNZ plans to lower interest rate in August. Fundamental analysis for 21.07.2016.

  21-07-2016 11:27 via liteforex.com
  Forex analytics: After yesterday’s announcement (23:00 GMT+2) by the RBNZ that interest rate could be lowered in August, the NZD sharply fell in the market. Within an hour the pair NZD/USD fell by 55 points. By the beginning of European session the pair slightly regained; however, it is still under pressure.Economic forecast presented by the RBNZ showed that long-lasting low rate of inflation and high rate of ...
  
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• DAX 30: Technical Considerations Ahead of ECB

  21-07-2016 11:16
  Markets have been relatively quiet from Asia to Europe trade so far. That could change later after the European Central Bank announcement...
  
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• Analytical review of the currency pair GBP/USD for 21.07.2016.

  21-07-2016 11:16 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3205;Daily range: 1.3204-1.3276;Opening: 1.3205; 52- week range: 1.2796-1.5820; Annual revenue: -14.98%;Change in % for the previous day: +0.76;Analytical review: Over the past two weeks the GBP rose by over 350 points after the decline caused by Brexit. Now, support level of the pair is 1.3130;According to ...
  
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• NZD/USD Technical Analysis: Sinking to 2-Month Low

  21-07-2016 11:01
  The New Zealand Dollar declined against its US namesake as expected, sinking to the lowest level in nearly two months as sellers attempt to breach the 0.70 figure.
  
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• Oil patch earnings season will bring more red ink

  21-07-2016 11:00 via news.yahoo.com
  
  Refining margins were also strong in the quarter. That will help the big so-called integrated companies, such as Imperial Oil and Suncor, which refine oil and sell gasoline. As a result, Ollenberger wrote that he expects the production of four key oilsands players: Suncor, Cenovus, Husky, and Imperial Oil to be lower by 25 per cent in the quarter.
  
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• EUR/USD: Market is sluggish in anticipation of the interest rate decision by the ECB Technical analysis for 21/07/2016.

  21-07-2016 11:00 via liteforex.com
  Forex analytics: Review and dynamicsIn anticipation of the interest rate decision by the ECB activity in the financial markets is decreasing at the opening of the European session. Trading volumes are low. Despite the rise in the pair EUR/USD at the Asian session, the Euro is still under pressure. In the beginning of the European session, the pair EUR/USD traded at support level of 1.1025, being in the ...
  
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• EUR/USD Could Gain Momentum if Draghi Flags September Move

  21-07-2016 10:59
  The EUR/USD currently holds above the 1.10 figure, but thing could rapidly change if the ECB signals possible actions ahead
  
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