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Smart money selling emerging markets assets, says JPMorgan

Bloomberg Stocks down for a third successive week, bond yields at their highest since 2016 and a currency market replete with bears. Such have been the declines in emerging markets that the more sanguine commentators have begun saying the selloff has run its course and it may even be time to buy the dip. But JPMorgan Chase & Co. says ...

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Bonds rise as Indian central bank announces $1.5bn debt purchase

Bloomberg Sovereign bonds in India rallied after the central bank said it will purchase debt to meet the cash needs of the banking system. The Reserve Bank of India said it would buy 100 billion rupees ($1.5 billion) of securities with maturities ranging from 2020 to 2033 maturities on May 17. The purchases comes after the shortest bond on sale ...

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ECB warns on trade tensions as ‘economy’ falters

Bloomberg The European Central Bank warned that a rise in trade protectionism would undermine the global economy, and said the US would be among the worst-affected. The cautionary comments coincide with data showing factory orders in Germany unexpectedly slid for a third month in March, another sign of the weakness that’s dogged the euro-area economy since the start of the ...

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