Scoreboard: Smooth-talking Putin

Markets on both sides of the Atlantic rose after the Russian President adopted a softer stance on the Ukraine conflict, while oil prices slumped on weak European data and demand concerns.

In US economic news, new claims for unemployment insurance rose by 21,000 in the latest week to 311,000, above forecasts for a result near 295,000. Import prices fell by 0.2 per cent in July while export prices were flat. Both results were slightly firmer than forecast. 

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