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Bond traders to see if they’re underrating inflation risks

Bloomberg A debate is breaking out in the Treasury market before Wednesday’s release of US consumer-price data as tumbling crude oil leads investors to ratchet back inflation expectations. In one camp, you have the likes of Societe Generale SA. The bank sees price pressures building into 2019, fuelling demand for inflation protection, in part as investors anticipate more US tariffs ...

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Pound skeptics turn believers as UK nears Brexit divorce deal

Bloomberg Even fund managers who were once shunning the pound are now betting on a rally as the UK inches towards a Brexit divorce deal. Allianz Global Investors, which has been consistently short the pound since the referendum in 2016, has switched to multiple long positions on the currency. Union Bancaire Privee sees volatility rising and is looking to buy ...

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Alibaba sets Singles’ Day record with $31bn in sales

Bloomberg Alibaba Group Holding Ltd. logged 213.5 billion yuan ($30.7 billion) in sales for its annual Singles’ Day extravaganza, setting a record as shoppers swarmed the e-commerce giant’s online bazaars. China’s largest company reported that Xiaomi Corp., Apple Inc. and Dyson Ltd. products were the top three brands in early sales. The annual retail celebration, originally dedicated to the nation’s ...

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