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17 hours ago
US PPI rose 5.4% YoY (above the expected 5.3%), pushing the probability of a September rate hike to 71%.
The European Central Bank raised rates by 25 basis points.
Houthi forces seized the Red Sea port of Al-Mokha in Yemen, advancing toward the Bab el-Mandeb Strait—this conflict continues to keep oil prices elevated.
Considering these factors combined, future expectations should not be overly optimistic.
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