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Bank of Japan tapers by stealth first and explains later

  Bloomberg The Bank of Japan (BOJ) is taking a stealthier approach than its peers to winding back pandemic stimulus without rattling the markets. As the BOJ, Federal Reserve and others convene meetings this week, the Japanese are, on some fronts, already ahead of the pack after sharply cutting back purchases of exchange traded funds and trimming buying of corporate ...

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Danske cuts 2022 Nordic GDP forecasts

  Bloomberg Danske Bank lowered forecasts for next year’s economic growth across the Nordics, as supply chain constraints and labour shortages could impede the region’s rebound. “The lack of supply of materials and equipment is a limitation for many Nordic businesses,” Danske said in its Nordic Outlook report. “We expect these constraints to ease as global demand swings back towards ...

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US futures whipsaw amid Fed shock; yields advance

  Bloomberg US equity-index futures witnessed volatile trading even as European stocks fall amid a spike in sovereign yields as investors digested the Federal Reserve’s indication of a more aggressive policy tightening. Contracts on the technology-heavy Nasdaq 100 Index were down 0.4%, after a loss of as much as 0.9%. S&P 500 Index futures lost 0.2%, after a 0.5% drop ...

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