Stocks and bond yields shuffled higher while the euro slipped back under parity on Thursday, as investors waited to see if the European Central Bank would fight runaway inflation later with a record 75 basis point interest rate hike, or go smaller.
fell 0.3%, however, after the release of worse-than-expected trade data on Wednesday and an extension of the lockdown in the city of Chengdu that demonstrated no let-up in the country's strict zero-COVID policy.
Markets were also awaiting a speech by Federal Reserve Chairman Jerome Powell later in the day for signs of any let-up in the U.S. central bank's approach to tackling its rising inflation. "The markets will probably adopt a wait-and-see approach in the short run," said Ng.
France Dernières Nouvelles, France Actualités
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