Wall Street

Marketmind: Fasten your seat belts

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Reuters UK

A look at the day ahead in markets from Anshuman Daga Just as investors were starting to get more confident about a soft landing for the world’s largest economy, with strong jobs growth and cooling inflation, China is playing spoilsport. A slew of data from the second-largest economy missed market forecasts on Monday, forcing the central bank to unexpectedly cut key lending rates in a bid to shore up demand. Hobbled by Beijing’s zero-COVID policy and a property-sector slowdown, industrial output growth missed estimates, while retail sales grew but below the 3.1% pace seen in June. The move to …

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