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Morning briefing: German consumer confidence up

1. Japanese bonds declined and stocks inched upward on speculation that the central bank may delay measures to counter the rise of the yen because of political concerns.

2. Consumer confidence in Germany rose even as uncertainty lingers over the slowing pace of growth.

3. The Industrial & Commercial Bank of China, the world's largest lender by market capitalization, said its second-quarter profit ballooned by 38 percent thanks to wider loan margins and greater demand for fee-based services.

4. Oil prices grew to almost $73 a barrel in Asia as losses in crude drew more buyers.

By Ariana Eunjung Cha  |  August 26, 2010; 6:50 AM ET
Categories:  *Morning briefing  
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