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Stocks Revive, US Dollar Declines as China Reopens

Stocks in Asia and US futures went up and seem to be recovering losses today, Monday, after China’s fewer Covid-19 cases prompted the easing of the local lockdowns. China is slowly getting back to normal with Shanghai planning to open on June 1, after a two-month lockdown, while in Beijing

Fed Rate Hike Expectations Push US Dollar Higher

US companies’ earnings have been mixed, the US dollar strengthens, oil and gold are dropping as investors expect the Fed to raise interest rates to curb inflation. In the meantime, the war in Ukraine and lockdowns in China keep looming over the markets affecting investors’ sentiment. Stock Markets Mixed financial
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Economic Recovery & Inflation Fears Move the Markets

Global stocks are entering the month close to new all-time highs, supported by the economic recovery from the coronavirus pandemic and high liquidity. Nevertheless, inflation fears and concerns that rising price pressures could lead central banks to cut support earlier than expected remain. The US dollar weakened while the yuan
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China Releases Data While Bitcoin Dips Below 35K

A new trading week is beginning today with the US and UK markets closed for Memorial Day and the spring bank holiday respectively. Bitcoin is trading below $35,000 and Asian markets are off to a strong start for the trading session on the back of Chinese economic data releases. Early