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Stocks extend bear market bounce as inflation angst eases

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global …

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Crypto industry fears contagion as bitcoin slips under $20,000

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Ethereum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above …

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BOJ maintains ultra-low rates, warns against sharp yen falls

BOJ maintains ultra-low rates, warns against sharp yen falls

BOJ keeps interest rate targets unchanged Gov Kuroda rules out near-term rate hike Kuroda says yen’s sharp fall undesirable, bad for economy BOJ ramps up efforts to defend 0.25% yield cap TOKYO, June 17 (Reuters) – The Bank of Japan maintained ultra-low interest rates on Friday and vowed to defend its cap on bond yields …

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Week of rate hikes has stocks on course for steepest slide since 2020

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland set …

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ECB signals rates lift-off, eyes bigger move in September

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, …

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Wall St jumps with tech, energy;  Target news weighs on retailers

Wall St jumps with tech, energy; Target news weighs on retailers

Target’s margin cut hits some retail stocks Kohl’s climbs on sale talks with Franchise Group Indexes: Dow up 0.8%, S&P 500 up 1%, Nasdaq up 0.9% NEW YORK, June 7 (Reuters) – US stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp’s …

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