Hints and tips:
...June’s inflation figures “reinforced our view that recent dollar weakness will persist”, said Mark Haefele, chief investment officer at UBS Global Wealth Management....
...If year-on-year headline inflation were to fall to 3.1 per cent in June as expected, it would mark the lowest rate since March 2021....
...“The debt-ceiling issue is a very serious one but the markets are not reacting yet, and I stress yet,” said Mike Zigmont, head of trading at Harvest Volatility Management....
...A pause would mark a reprieve in the US central bank’s aggressive monetary tightening campaign that has seen 10 consecutive interest rate rises since March 2022, a campaign that has taken the federal funds...
...Market moves ahead of the run-up to the Fed’s announcement would “ultimately be irrelevant”, according to Mike Zigmont, head of trading and research at Harvest Volatility Management....
...London’s FTSE 100 touched the 8,000-point mark for the first time, moderating later to close 0.6 per cent higher....
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