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Market awaits clear signal on interest rates, inflation and China reopening
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In New York, after two weeks of gains, Wall Street’s three major indices closed out the past week in the red.
PHOTO: AFP
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Soothing sounds from the US Federal Reserve have provided some support to otherwise jittery and volatile equity markets. In Asia, China’s tentative move towards easing its strict zero-Covid regime has also lent some support to market sentiment.
The big question is whether equities can build on a rally that began in late October, but seemed to somewhat go cold during the past week.
