Wakeup Call
morning email markets information data bernard hickey
Markets
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Wakeup call: Dip buyers dominate
The S&P 500 surged 2.2% and the Nasdaq was up 3.1% this morning as buyers of last week’s dip grew in confidence and fears about omicron and a Fed tightening faded.
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Wakeup call: China cranks up the money pump
China’s central bank eased monetary policy this morning to offset the shock from the impending collapse of its biggest apartment developer.
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Wakeup call: Bitcoin crashes on tapering fear
Bitcoin crashed as much as 20% over the weekend as fears grew that central banks will wind down money printing faster than expected in the coming months.
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Wakeup call: Ready, set, red
Auckland reopens after over three months in lockdown, but it may not be enough to save many cafes, bars and restaurants because of the 100 person limits at the ‘red’.
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