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Markets find their feet after a rocky start
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A July 26 recovery on Wall Street, following several whiplash sessions, was welcome relief to traders.
PHOTO: AFP
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SINGAPORE – It has been a turbulent week for markets, with sentiment worldwide rattled as big tech stocks were sold down on earnings and valuation concerns. However, a positive ending on Wall Street on July 26 portends better days ahead.
While the latest US data suggests that inflation has been largely tamed and the US economy is still humming along nicely, the biggest issues hanging over the market are geopolitics and US politics.
