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Australian Inflation Softens to 5.6% and Shuts the Door on the RBA

The Australian inflation rate came in cooler-than-expected this morning. At sub-6.0%, the latest numbers should remove the need for further RBA moves. ....

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Marketmind: China supports, peak rate haze

Flagging world markets got a lift on Tuesday as China moved to shore up the falling yuan from the year's lows and nodded to more government stimulus to underpin its spluttering economic recovery instead. With falling Chinese interest rates diverging markedly from ongoing U.S. Federal Reserve tightening, Beijing is struggling to support the economy with monetary policy alone as that's undermining the currency. Then, indicating Chinese growth had accelerated in the second quarter to a 5% target, Premier Li Qiang told the World Economic Forum in Tianjin that the government would take steps to boost demand, invigorate markets, accelerate green transition and open high levels of its economy to the outside world. ....

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MORNING BID AMERICAS-China supports, peak rate haze

A look at the day ahead in U.S. and global markets from Mike
Dolan
Flagging world markets got a lift on Tuesday as China moved to
shore up the falling yuan from the year s lows and nodded to
more government stimulus to underpin its splutter. ....

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Morning Bid: China supports, peak rate haze

A look at the day ahead in U.S. and global markets from Mike Dolan ....

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