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The dollar was attempting to steady in Asia on Wednesday, as investors dialled back bets on U.S. rate cuts and fear of a banking crisis ebbed - though a looming hike in Europe had the euro on a firm footing. The European Central Bank meets on Thursday and markets think a 50 basis point hike is likely, a more hawkish stance than traders expect from the U.S. Federal Reserve next week. ....
US The labor market is still strong but is showing signs it is ready to soften as wages cool. Wall Street will pay close attention to the February inflat ....
Brandywine Global: The euro area has defied expectations. What seemed a near-certain descent into an abysmal recession has not occurred. While risks still loom, ....
Summary: As the market awaits Powell’s testimony to Congress and jobs figures, the stock market ran out of puff, with the Nasdaq 100 closing ....
Surging energy prices and borrowing costs have weighed on business morale, investment spending and consumer confidence in the bloc for months - and, notwithstanding a dip in January, inflation remains stubbornly high while more interest rate hikes are on the horizon. Some economic readings have been better than feared, particularly through the winter, but Monday's retail trade data, a key sentiment indicator, and construction figures tempered any nascent optimism. ....