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Dow Jones borrows its rebound from the bond market

The Dow Jones Industrial Average trades near 53,000 and roughly 250 points higher, having opened just above 52,750, dipped to a session low beneath the rising 50-day Exponential Moving Average (EMA) near 52,700, and recovered the whole of that ground. The rebound attempt arrives after three consecutive lower sessions and…

Hawkish Fed expectations underpin strength – OCBC

OCBC’s Sim Moh Siong and Christopher Wong highlight that higher Oil prices and renewed US-Iran tensions have pushed global bond yields higher and strengthened the US Dollar, with markets fully pricing a 25bp Federal Reserve (Fed) rate hike by October. Fed Governor Barr’s comments that further rate increases may be warranted reinforce this hawkish backdrop, while they remain modestly constructive on the USD through early 2027.Higher yields and policy repricing”The renewed escalation in the Middle…

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The Department of Justice (DOJ) Antitrust Division on Tuesday said it had expanded its investigation into beef affordability to include eight of the largest grocery retailers in the United States. The expansion comes after the DOJ launched an antitrust probe in May into the “Big Four” meatpackers — JBS, Cargill,…

Markets

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Investing

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