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Risk appetite continues to find tailwinds

-Risk appetite drives forward after Wall Street snap's seven week losing streak. Asia closed 0.5-2.25% higher, Europe starts roughly 0.5-1.0% higher a

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Some ECB members dial back aggressive rate hike expectations

- Central Bank continue to step up the fight against inflation (RBNZ again raised by 50bps). - Several ECB members (Rehn, Panetta) stressed that the p

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Risk aversion flows continue to dominate amid growth concerns

- Risk aversion flows continue to dominate amid growth concerns. Asia - Australia Apr Employment Change: +4.0K v +30.0Ke; Unemployment Rate: 3.9% v 3.

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Finland and Sweden set to submit NATO applications in historical move while Russia pulls back

EU Mid-Market Update: Finland and Sweden set to submit NATO applications in historical move while Russia pulls back from 2nd largest Ukrainian city Kh

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Risk aversion sentiment continues

- Brexit issues coming back to the front burner. - Risk aversion sentiment aids USD as safe haven flows dominate. - Focus on upcoming US CPI data (due

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