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Soft US CPI data supports sterling, weak dollar

The British pound is up 0.1% at around 1.3403 against the dollar during the European trading session on Wednesday. The GBPUSD pair gained as the dollar came under selling pressure, with market participants dialing down expectations for Federal Reserve interest rate hikes. In the European trade,

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SpaceX mega-IPO raises questions over investor appetite

SpaceX is currently targeting a valuation of at least $1.8 trln through its upcoming initial public offering, with investors raising doubt whether there is enough demand this summer. “Markets are about to discover whether investor appetite for AI and tech is

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WTI above $80 as US launches strikes, Iran disrupts shipping

The benchmark West Texas Intermediate continues to gain ground, trading around $80.20 per barrel in Europe on Tuesday, as crude oil prices rise due to rising supply concerns, attributed to the escalating US-Iran tensions. US Central Command (CENTCOM) executed fresh precision strikes

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