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Global stocks rise as U.S. data dims September rate hike chances
Global equity prices gained on Thursday after weak U.S. retail sales data undermined the argument that the Federal Reserve will raise interest rates next week. The U.S. Treasury yield curve surged to its steepest levels in 2-1/2 months as longer-dated debt fell, highlighting expectations that the Fed could hold off from raising rates at its two-day meeting that concludes on Wednesday. August U.S. retail sales fell more than expected, pointing to cooling domestic demand that further diminishes expectations for an interest rate increase next week. "The disappointing retail sales numbers really reinforces our view that ... (full story)
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