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Japanese Yen Recovers Against Softer Dollar Amid Intervention Speculation — Market Talk

The Japanese yen recovers to a two-week high against the dollar as markets pare U.S. interest rate rise pricing slightly and traders remain sensitive to the prospect of currency interventions by Japanese authorities. Federal Reserve Chair Kevin Warsh said on Wednesday that inflation risks have ease…

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Forex
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Global Tech Stocks Struggle Ahead of Jobs Report — WSJ

By Joe WallaceMarkets are often eerily quiet before the U.S. jobs report. Not today.Highflying Asian chip stocks swooned and futures point to more tech losses in New York ahead of monthly labor-market data brought forward by Independence Day.The jobs data is due at 8:30 a.m. ET. Economists expect t…

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NEWS dow-jones

Lower Eurozone Yields, Weaker Growth Weigh on Euro — Market Talk

The recent fall in eurozone government bond yields and softer eurozone growth are contributing to a weaker euro in the near-term, MUFG Bank's Lee Hardman says. The eurozone's two-year yield has fallen 30 basis points after hitting a peak of 2.83% on June 18, he says. That is "a much bigger drop in…

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BondsForex
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European Equity Rally Has Room to Broaden — Market Talk

European equities' artificial intelligence-focused rally could broaden into industrial and luxury stocks, UBS analysts write. Re-shoring of industrial capability, government support and brightening economic conditions will all help a wider pool of European stocks perform, the analysts write. Europe…

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JD Sports' Recent Issues Mostly Externally Driven — Market Talk

JD Sports Fashion has potential for medium term recovery due to management actions to diversify the group's product range and invest in the online segment, Berenberg analysts write. "We think JD's recent issues have been to a large extent externally driven," they say. Berenberg cites a slowdown in…

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