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Nomura Expects Fed, ECB, BoE Rate Cuts next Year

July 12 Reuters Nomura expects major developed market central banks to start cutting interest rates next year as inflation eases and expected recessions linger, with peak rates expected to be hit this year. The Japanese bank39;s economists expect the U.S. Federal Reserve rate hikes to peak at 3.503.75 in February next year, despite an expected […]
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UK Public Inflation Expectations Cool BofA Survey

LONDON, July 12 Reuters The British public39;s expectations for inflation in future years receded in recent weeks to the lowest level in almost a year, a survey showed on Tuesday in welcome news for Bank of England officials who fear price pressures might become embedded. Consumer inflation expectations continue to fall according to our survey, […]
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Most Gulf Bourses in Red in Early Trade

July 13 Reuters Most stock markets in the Gulf eased in early trade on Wednesday, ahead of the release of U.S. inflation data for June, as the region resumed trading after a long eid break. The U.S. dollar will remain strong for at least the next three months as it basks in both expectations for […]
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Global Equities Waver, Oil Falls amid Recession Fears

Investors in riskoff mood, shed stocks again Inflation data, earnings reports awaited July 12 Reuters World stocks traded mixed while oil prices and bond yields dipped on Tuesday as traders fretted over prospects of further central bank tightening and worries about the health of economies worldwide. The dollar39;s role as the safehaven currency for investors […]
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Indian Rupee Hits Record Low for a Third Straight Session

MUMBAI, July 13 Reuters The Indian rupee hit a record low for a third straight session on Wednesday as foreign investors continued to dump riskier assets ahead of U.S. inflation data that could determine the pace of tightening in the world39;s largest economy. The partially convertible rupee was trading at 79.6667 per dollar compared to […]
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AUD Up on temporarily improving Risk Sentiment, USD Down

Rates as of 0500 GMT Market Recap The RBNZ hiked rates 50 bps as expected and promised more. It kept a hawkish stance in the statement following the meeting, saying The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment. The Committee […]
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