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A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets As investors switch attention to the health. -Today at 06:00 am- MarketScreener ....
As investors switch attention to the health of the U.S. consumer, a funk in China's economy, markets and currency appeared to deepen and emerging market ructions spread. After another disappointing reading for industrial production and retail sales this month, China's central bank scrambled to cut 1-year lending rates by 15 basis points to 2.50% - the second cut in policy rates in three months - and sent the yuan sliding to 2023 lows against the dollar. ....
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