GLOBAL MARKETS-Wall Street rebounds, sterling steadies after tumble
Yahoo! Finance
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite added between 1% and 2% after Wall Street fell deeper into a bear market in the previous session. Markets are wary about the pace of U.S. interest rate rises to calm inflation, a concern which has hurt risky assets and boosted the U.S. currency. "U.S. rate expectations have increased fairly significantly," said Andrew Hardy, investment manager at Momentum Global Investment Management, but he added that "there's a huge amoun...
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