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Inflation Data in Focus
Stock futures slipped ahead of the August consumer-price index, one of the last big data releases before next week’s Fed meeting.
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Oil Regains Some Ground on Hurricane Disruption Fears
Oil prices rose, paring some of the previous session’s losses, driven by Gulf of Mexico supply disruption fears after Francine strengthened into a Category 1 hurricane.
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Dollar Falls After U.S. Presidential Debate, Ahead of U.S. Inflation Data
The dollar fell after the U.S. presidential debate and UniCredit said U.S. inflation data later are unlikely to solve the market’s dilemma as to whether the Fed will cut rates by 25 or 50 basis points on September 18, though evidence that price pressures are receding further could still weaken the currency.
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Rentokil Initial Warns on Profits as U.S. Sales Slow
Rentokil Initial forecast adjusted profits for the year of around £700 million, short of previous forecasts, after revenue growth slowed at its North American business.
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UniCredit Takes 9% Stake in Commerzbank
The Italian lender said it would engage with Commerzbank to explore value-creating opportunities and that it would submit regulatory filings for authorization to potentially exceed a 9.9% shareholding.
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German 10-Year Bund Yield Seen on Track Toward 2% in Coming Weeks
The bullish momentum in U.S. Treasurys could bring the year-to-date 10-year Bund yield lows near 2% into sight in the coming weeks, according to Commerzbank Research.