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With the US on holiday, and most Statistics bureaus resting after the week's heft exertions, there's little 'hard' economic news. 

But in its place, we have yet more of Markit's PMIs - this time for services.  This is the economic equivalent of junk food - ubiquitous, tasty if you're in the mood, but of little nutritional value. 

So, in the absence of hard news, I update you on the movements of Coldwaters' best-in-class global and regional Shocks & Surprises indexes. 



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