Global Turmoil Persists Amid Middle East Strife and China-Taiwan Tensions, But Markets Prove Resilient
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World remains turbulent with Middle East conflicts and China's harassment of Taiwan, but markets have held up well. Equities rose while oil slipped.
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Focus shifts to real economy data in the US - retail sales, industrial production, housing. Signs of slowing growth but no collapse.
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China first to report Q4 GDP. Expected just under 5% for 2023, faster than most major economies. Also reports December data.
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Currencies traded in tight ranges after US CPI. Dollar Index stuck around 102.40. Further upside possible as rate cut bets remain aggressive.
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Central bank decisions ahead for China, Japan, ECB, BOE, Canada. Most not seen cutting yet but easing priced in down the road.