Chinese exports in June surge on increased global demand and import data is also higher than expected. EU nations agree to suspend plans for a digital services tax and the Eurogroup is joined by U.S. Treasury Secretary Janet Yellen as part of her continuing global corporate tax campaign. In commodities news, lumber gains are pared back while oil is up as U.S. inventories fall, outweighing fears the Covid Delta variant may upset the global recovery. The UK moves to reopen on Monday 19th July while restrictions in France increase once more.  

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