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Asian markets mixed after US fed hikes rates again
Asian markets mixed after US fed hikes rates again
by  AFP

Asian markets were mixed in early trade on Thursday, after the Federal Reserve soured the mood on Wall Street by not only raising rates but also indicating that it would not cut them any time soon. Hong Kong, however, bucked the slide on Wall Street to post solid morning gains of around one percent, driven by commerce and industry stocks.

ECB expected to slow pace of rate hikes
ECB expected to slow pace of rate hikes
by  AFP

The European Central Bank is expected to hike interest rates again Thursday to fight inflation but at a slower pace, as higher borrowing costs take their toll and banking sector fears resurface. Concerns about the banking sector -- and the impact on lenders of monetary tightening -- also resurfaced this week after the collapse of another US lender.

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