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Growth and inflation for major economies will be the big focus this week. US Advance GDP and Eurozone inflation are the highlights.
Selling pressure is growing across major financial markets. We are seeing flow towards safe havens as higher-risk assets such as indices and commodities are being sold. The USD is once more a key outperformer.
There is a decisive shift underway in major markets. The negative US data is playing into hopes that a Fed pivot could be coming. Markets have been burnt before, but could this time be different?
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