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ECB hikes big, euro unimpressed; stocks wobble on earnings, growth doubts

ECB hikes big, euro unimpressed; stocks wobble on earnings, growth doubts

Global Market Insights - Forex, Futures, Stocks

July 22, 20225m 35s

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Euro jumps then falls on ECB’s surprise 50-bps hike as Lagarde fails to inspire confidence. Weak PMIs, Snap’s ad warning and rise in US jobless claims re-ignite slowdown concerns. Dollar firms but fallout in equities contained by sliding bond yields.

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