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Market Mood

Recent PMI surveys indicate a growing economic divide between the U.S. and Europe, with strong growth in the U.S. contrasting with slow progress in Europe. Upcoming GDP, industrial production, and retail sales data from both regions are expected to further highlight this disparity. While services sectors in both areas show strength, manufacturing remains sluggish, especially in Europe. U.S. and U.K. rate cuts have spurred demand in financial services, with U.S. inflation data due soon, likely to influence the Fed’s next moves. Investor attention is on whether lower rates can boost business investment, as uncertainty and protectionist trends weigh on capital expenditures. Additionally, China’s latest data will shed light on the effectiveness of its recent stimulus measures, which PMI data suggests may already be improving business conditions. Markets are watching closely for developments in global economic policy that could impact business confidence and spending.

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