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Market Mood

The European Central Bank (ECB) is expected to implement another interest rate cut, with markets anticipating two cuts by the end of the year, starting with 25 basis points in September. However, inflation risks and potential recession create uncertainty around future decisions. Eurozone PMI data reveals slowing input cost growth, but weak manufacturing output. In the U.S., upcoming CPI data is critical ahead of the Federal Reserve’s September meeting, as easing inflation is expected to align with targets. In China, inflation, industrial production, and retail sales reports will guide economic policy decisions. The UK will focus on July’s GDP and wage data to monitor inflation.

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