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A tech sell-off into the Wall Street close on Friday and mounting geopolitical risk have lent markets a negative bias on Monday morning. This is leading to USD gains and sliding indices.
Markets have been far more settled in recent days, with an element of consolidation on commodities and indices. Major forex is also quieter but still trades with a mild USD negative bias.
The IMF has predicted slower growth in 2023 as central banks tackle financial stability and price stability. Today’s focus on US CPI is leaving markets cautious.
24th February 2022
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