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Take Two: US economic growth revised up; France endures market volatility
What do you need to know?The US economy grew at an annual rate of 3.3% in the second quarter (Q2), up from Q1’s 0.5% contraction, and the 3% initially estimat...
Playing with numbers
Concocting a bearish view on US stocks based on valuations is relatively easy. It doesn’t mean the market is going to correct. Current inflation rates and US...
Take Two: Fed minutes signal caution; Eurozone inflation holds steady
What do you need to know?The Federal Reserve (Fed) warned of “considerable uncertainty” over the economic impact of US tariffs and their consequences for in...
Take Two: US inflation data drives markets higher; Eurozone growth slows
What do you need to know?Markets rallied last week as US consumer price inflation beat expectations to hold steady at 2.7% in July. This boosted hopes that the...
Fantasia
This week I witnessed a Pink Wig Parade, and a Cornish themed carnival procession. Entertaining the crowds were a Venezuelan salsa troupe; a Fleetwood Mac tribu...
Take Two: Bank of England cuts rates after split vote; Eurozone business activity expands
What do you need to know?The Bank of England (BoE) cut its benchmark interest rate by 25 basis points (bp) to 4%, its lowest level since March 2023 and the fift...
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