Risk on switched off, whilst Riksbank gets on with it
Thursday 26th September 2024
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The slight risk-on mood we saw after news of potential further stimulus measures in China has ebbed away a little today, particularly in the share market, where indices are generally lower in the US and Europe overnight. NAB’s Ken Crompton says there’s a bit of a reassessment during a session low on data. Expectations for an outside cut by the Fed have fallen slightly on the back of one large individual trade. The Riksbank, though, is confidently cutting rates, suggesting…
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