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Fed fears overwhelm AI theme, gold recoils

MORNING BID AMERICAS-Fed fears overwhelm AI theme, gold recoils A look at the day ahead in U.S. and global markets from Mike Dolan And then there was one. In an extraordinary turnabout in just five months, financial markets now fully price just one quarter-point interest rate cut from the Federal Reserve this year - compared to the six built into futures prices at the start of 2024. The good news is that's largely down to the sheer strength of the ongoing U.S.
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European stocks end week lower as rate worries resurface

REFILE-UPDATE 2-European stocks end week lower as rate worries resurface Refiles to add dropped word in headline STOXX 600 logs weekly decline of 0.4% Spain's Acciona warns on earnings outlook, shares fall Renault climbs after buyback, UBS upgrade By Sruthi Shankar and Johann M Cherian May 24 (Reuters) - European stocks ended lower on Friday and down for the week, as signs of persistent U.S.
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British stocks fall for 4th straight session as rate cut push back weighs

UPDATE 2-British stocks fall for 4th straight session as rate cut push back weighs There will be no UK equities report on Monday on account of the UK Spring Bank holiday. Reuters will resume coverage on Tuesday, May 28. FTSE 100 down 0.3%, FTSE 250 up 0.7% AJ Bell drops after founder sells 7.5 million shares Redcentric explores sale of co, shares jump Updated at 1608 GMT By Pranav Kashyap and Purvi Agarwal May 24 (Reuters) - London's FTSE 100 slipped on Friday, falling for the fourth straight se
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Financial Times - May 24

PRESS DIGEST- Financial Times - May 24 May 24 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Mike Lynch tells US jury Autonomy ' wasn't perfect ' but denies fraud - National Grid plans 7 bln stg capital raise to strengthen electricity network - Royal Mail owner fails to publish results - Prudential chair admits ' frustrating and disappointing ' share performance Overview - British tec
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British Business - May 24

PRESS DIGEST-British Business - May 24 May 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - The owner of Royal Mail, International Distributions Services IDSI.L , took nearly seven hours to tell the stock market that it would not be able to publish its annual results as scheduled, after blaming its auditors at KPMG.
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