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More signs of slowing momentum in the job market lifted US equities for a fourth straight session Wednesday, with the S&P 500 Index and the Nasdaq Composite ending near four-week highs, as investors grew increasingly confident the Federal Reserve may be done raising interest rates. Meantime, European shares were a touch softer yesterday, with the Euro Stoxx 50 Index down 0.2%, after data showed an increase in inflation rates across Germany and Spain, bolstering expectations that the ECB’s tightening cycle might not end soon.
Summary for 31.08.2023
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