With the Year of the Rabbit upon us, the Asian markets shrugged off some of the skittishness seen overnight on Wall Street, attempting a bit of a risk-on rally. Thin liquidity will keep gains capped, though, and fears of an economic slowdown along with worries over the Federal Reserve keeping interest rates higher for longer are unlikely to fade away.
Graphic: U.S. government approaches its debt ceiling again https://www.reuters.com/graphics/US-DEBT/US-DEBT-CEILING/gdpzqwnxlvw/graphic.jpg Speaking of central banks, the European Central Bank has pushed back strongly against market bets that it would deliver smaller rate hikes as a result of easing inflation.
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