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Change modify pause
US equities were little changed Monday, as investors marked time ahead of the Federal Reserve’s mid-week policy-setting meeting. Fed officials are widely expected to keep interest rates withing the range of 5.25% to 5.5% on Wednesday, and the likelihood of another rate pause in November is placed at 66%. Energy shares were once again one of the market’s strongest performers thanks to an extended rally in crude futures. Regional banks and consumer discretionary shares were among the weakest sectors. In Europe, equity markets closed yesterday’s session with significant losses, as the Euro Stoxx 50 index lost 1.1%, following sharp gains last week.
Summary for 19.09.2023
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