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Wall Street experienced a downturn on Monday as investors analyzed the U.S. interest rate outlook and awaited Nvidia's earnings report. Friday's rally, fueled by hints of a potential rate cut from the Federal Reserve, gave way to cautious trading. Upcoming inflation and jobs data are crucial, influencing expectations for Fed action.
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Asian equities are poised to decline, mirroring Wall Street's downturn, as investors await a crucial US inflation report that could influence the Federal Reserve's rate cut decisions. Concerns linger about the pace of potential rate reductions amid mixed signals from the labor market and persistent inflation.
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Hedge funds are shifting their energy strategies, moving away from shorting oil stocks, a dominant position since 2021, and reducing short bets against solar stocks. This reversal is driven by concerns about oil supply and demand, coupled with optimism for clean energy. Economic slowdown fears and rising oil inventories contribute to skepticism towards the oil sector, influencing investment decisions.
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News and Media
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