Topic: Market Insights
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Volatility mean reversing
Global equities rose for a second week as US inflation fell to 2.9%, boosting optimism for a Fed rate cut in September. The Nasdaq and Topix surged 12% and 22%, respectively. UK job creation exceeded expectations, hinting at further Bank of England rate cuts.
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Euro hovers below 7-month high, set for strong weekly gain
Yields up, dollar up, on soft landing narrative. Pound holds gains after UK retail data. Euro stumbles as US defies expectations.
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US retail sales ease recession fears
Yields up, dollar up, on soft landing narrative. Pound holds gains after UK retail data. Euro tumbles as US defies expectations.
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Greenback stages comeback after strong retail sales
US retail sales boosts sentiment. USD rebounds from lows across Asia. Euro lower after reversal from 2024 highs.
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Dollar under pressure after US inflation
CPI not moving the needle. Sterling softens after UK CPI. Recovered sentiment propels euro above $1.10.
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Aussie, kiwi lower after RBNZ cuts
USD lower on CPI drop. Kiwi hit after RBNZ rate cut, Aussie also lower. China data drop due.