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Indian stocks rebound from a six-month low

Bloomberg Indian stocks rebounded as some investors judged the recent selloff as excessive after the benchmark index closed at a six-month low. The S&P BSE Sensex rose 1.4 percent to 34,760.89 at close in Mumbai after a technical indicator fell below a level that some investors see as a signal to buy shares. Seventeen of 19 sector sub-indexes compiled by ...

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JPMorgan: Dumping small stocks at recessions a mistake

Bloomberg Avoiding smaller stocks around recessions may be a big error. While US small-cap and midcap equities have historically underperformed large caps during recession-linked down- turns, the gap pales in comparison with smaller stocks’ superior returns over a full economic cycle, according to a note from JPMorgan Chase & Co. strategists led by Eduardo Lecubarri. They say an economic contraction ...

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Fed moving too fast with interest-rate hikes: Trump

Bloomberg President Donald Trump said the Federal Reserve is moving too fast with interest-rate increases and dismissed concerns about inflation, exte- nding his run of criticism that central bankers have largely disregarded as they push ahead with higher borrowing costs. “I don’t like it,” Trump said at the White House, referring to the Fed’s rate hikes, the most recent of ...

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