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Wednesday 11th October 2023

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There have been a few surprises so far this week. Obviously the Hamas attacks on Israel is a bad start, and there\\u2019s every chance that will escalate further. Secondly, the more dovish approach from Fed speakers, heightening the expectation that the Fed will not lift rates again this year. JBWere\\u2019s Sally Auld says there\\u2019s still a string chance that another hike will happen, and that the US will face a recession down the track as a consequence. The third surprise, if it happens, is a one trillion Yuan stimulus measure reportedly being considered by China. All, of that, ahead of the US CPI numbers later this week, which may add to the list of surprises.

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