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Morning Market News

1.  Italian industrial output decreased by 1.1% in July, this is significantly worst taht the expectation of a 0.3% increase.

2. Unemployment in Greece increased to 27.9% in June.

3. Vladimir Putin writes in the NY times to urge Americans not to attack Syria.

4. Australian GDP increased to 5.8% last month.

5. Japan is thinking about beginning a $50 billion stimulus program.

6. Google is having fun with Apple’s new iPhone. They are very excited.