Marketmind: Risk rally rages on

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Reuters UK

A look at the day ahead in European and global markets from Ankur Banerjee Buoyed by a tech-fuelled rally on Wall Street, risk assets in Asia charged higher on rising expectations the Federal Reserve is done hiking rates and will likely cut early next year. The worry remains that upcoming data might show not just a slowing U.S. economy but also an economy on the verge of a recession. But for now investors are looking the other way. MSCI’s broadest index of Asia-Pacific shares outside Japan touched a fresh two-month peak and is on track for its best monthly performance since January. Lower Trea…

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