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Central bank pivot 2.0 The US Federal Reserve’s 50 basis point interest rate cut was last week’s biggest story, and markets took it well. It was portrayed as a surprisingly large cut, but markets had already priced in a high chance of...

Market fears fading Global stocks recovered well last week, in a sign that the early September jitters are fading, just as the August ones did. Not because the European Central Bank (ECB) cut interest rates again – given president Lagarde warned that...