RBA on hold, Chinese sluggish recovery

By Craig Erlam   The Australian dollar fell further Tuesday morning despite the RBA holding interest rates steady and warning that further tightening may be necessary. The central bank warned that while inflation

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Worst yet to come?

By Craig Erlam   It was another remarkable day in financial markets and it, unfortunately, doesn’t feel like the worst is behind us. Fear has once again gripped the markets, concerned about a

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Markets worried by recession fears

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares edged cautiously higher on Tuesday, tracking a rebound in Wall Street overnight, despite disappointing economic data from China and the US fuelling

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Black Monday in Asia on China risks

By Jeffrey Halley  It is turning into a Black Monday in Asia after US and European equity markets were pummelled on Friday, as China risks also rise again. Oil retreated again Monday

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A target on your back

By Jeffrey Halley  With a dearth of heavyweight data this week until Friday’s US CPI, we are likely to experience choppy trading, driven by swings in sentiment and headlines hitting the news

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Beijing reopening dulls NFP retreat

By Jeffrey Halley Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April, but well above market forecasts of 325,000.

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