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Powell Awaited
Global capital markets are relatively calm as investors gird for drama. The Bank of England reports its assessment of the impact of Brexit and the stress tests a little before Fed Chair Powell speaks at midday in NY. The G20 meeting begins Friday, and several bilateral meetings are taking the spotlight from the larger gathering. Asian equities advanced for a second consecutive session, with Greater China markets (China, Hong Kong, and Taiwan) and Japan's Nikkei were up more than 1%. European shares are struggling to maintain the early upside momentum, and US shares are little changed. Benchmark 10-year yields are ... (full story)
