Financial Trading
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Equity markets are selling hard in the wake of Friday’s US CPI. The prospect of higher Fed rates and a stuttering re-opening of China post-lockdowns is driving markets lower.
After a rout of selling pressure in the past few sessions, there is an attempt at a risk rebound on Tuesday morning. However, much more needs to be seen for this to be anything more than a mere dead cat bounce.
With a holiday-impacted start to the week, major markets are seeing consolidation setting in. This comes ahead of a crucial meeting of the FOMC which begins today.
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