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Some hawkish policymakers pivoted to a dovish stance on Tuesday, bolstering gold prices near record highs. While speculation of rate cuts in 2024 increased, expectations of a recession striking the US economy remained unchanged.
On Monday, November 27, Zscaler’s stock dropped despite strong earnings, Amazon soared following some news and expectations of strong Cyber Monday sales, and Kraft Heinz announced a share buyback program. Find out how the market reacted in response.
This week, Cyber Monday, CCI, GDP, PMI, and CPI are set to be released from all around the world, hence reflecting the health of the economy and its possible trajectory in the near future.
The Eurozone’s PMI data for November showed that the EZ’s economy might be in a “shallow recession,” while Japan’s upcoming CPI release might show a reversal in the BoJ’s monetary policy.
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