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...Joseph Wang of the Fed Guy blog noted in a post yesterday that a global cutting cycle could also supercharge risk appetites....
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...“It’s an unstable situation,” said Joseph Davis, global chief economist at Vanguard, who argued inflation has historically usually been vanquished at the cost of lower growth....
...“The dollar’s bounce over the past month has been fundamentally driven as recent data suggest a resilient US economy,” said Joseph Manimbo, senior market analyst at Convera....
...Despite the mixed picture this paints concerning the health of the banking sector, Wall Street’s S&P 500 was up in early US trading and Europe’s Stoxx 600 rose 0.1 per cent....
...There was still time to board P&O Pioneer as a foot passenger, departing at 1.45pm....
...Other earnings: McDonald’s and PepsiCo will report before Wall Street’s opening bell, while food and beverage peer Chipotle Mexican Grill reports in the afternoon....
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...In this case, it is an aphorism of the anarchist philosopher Pierre-Joseph Proudhon....
...Wall Street’s benchmark S&P 500 closed 0.6 per cent higher, with all industries advancing except for financials....
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