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The past week witnessed a turnaround in sentiment as renewed recession fears dominated investors’ actions. Stock markets across the globe were subjected to selling pressure, while credit spreads scaled new highs. “What the market giveth [the previous week], it also taketh away [last week],” was Briefing.com’s very apt description of events. Read all about this in my regular weekly blog post, highlighting some thought-provoking news items and quotes from market commentators during the past week, and briefly reviewing the week’s market action on the basis of economic statistics and a performance chart. [...] | |||||||||||
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