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Big week ahead for UK data
Most Asia-Pacific equity markets are down by 1% or more this morning reflecting concerns about global economic growth prospects. Australia’s central bank left the policy rate unchanged at 4.1% and hinted that interest rates may have peaked. Meanwhile, the Reserve Bank of New Zealand is expected to leave interest rates at 5.5% this week. Last week was another volatile one in markets, with the positive impact of hopes of a second US interest rate pause offset by rising concerns of global economic slowdown. Confirmation that US core inflation fell again in July added to the conviction that the Federal Reserve will not ... (full story)