Big Cut.
The main focus of markets was on the week’s interest rate announcements from the heavyweight central banks in London, Tokyo and, of course, a highly consequential one in Washington DC on Wednesday afternoon, which finally resolved the passionate, frenzied “Will be it be 25 or 50?” debate of the last few weeks.
More data over the weekend confirming the accelerating deterioration of the Chinese economy which wasn’t helped by the biggest typhoon since 1949 smashing into Shanghai on a holiday weekend and another apparent attempt on Trump’s life provided a slightly jittery backdrop when U.S…
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