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Stocks slip...Economy snapshots due...Consumer prices up in Britain



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SEOUL, South Korea (AP) — Shares were mostly lower across global markets today in sluggish trading. Oil prices resumed gains after a brief fall. Investors were digesting mixed reports on the health of the global economy and awaiting U.S. data later in the week. Futures point to a tepid Wall Street opening. Benchmark U.S. crude oil rose to near $46 per barrel. The dollar fell against the euro and the yen.

WASHINGTON (AP) — The federal government offers three separate looks today at how the U.S. economy fared in July. The Labor Department will release its Consumer Price Index this morning, the Commerce Department will release housing starts, and the Federal Reserve will release industrial production. Meantime, the final reports of earnings season are trickling in. Home Depot reports quarterly results before the market opens.

LONDON (AP) — Official figures show consumer prices in Britain rose more than expected in July, while the cost of raw materials for manufacturers grew as a result of the pound's drop in the wake of the vote to leave the European Union. The Office for National Statistics says consumer prices rose by an annual 0.6 percent due to more expensive motor fuel and second-hand cars. Economists had expected an unchanged rate of 0.5 percent. The agency says Brexit had no obvious impact yet on consumer prices.

CANBERRA, Australia (AP) — The finances of the world's biggest miner are in a deep hole. BHP Billiton is reporting a $6.4 billion loss, the worst full-year result in the Anglo-Australian company's history. BHP says the result for the fiscal year ending June 30 came from a 31 percent fall in revenue to $30.1 billion amid weak commodity prices, write downs of U.S. oil and gas assets and a dam disaster at a Brazilian joint venture.

BEIJING (AP) — Experts say China's launch of the first quantum satellite today will push forward efforts to develop the ability to send unhackable communications. The satellite launched into space from northwestern China's Gobi desert. If tests prove successful, China will take a major step toward building a worldwide network that can't be wiretapped or cracked through conventional methods. Quantum communications use subatomic particles to securely communicate between two points.

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The Associated Press

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