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Hedge funds finished gorging on chips, leaden footed Nike fails to get ‘Air’ | Wall Street Week

Investors have been playing a waiting game this week with all eyes on today's (28 Jun) US personal consumption price index, a key input in the Federal Reserve's 'data-driven' model which will tell it when it's safe to cut interest rates.A May figure of 2.6% or lower, against April's 2.8% print, and the market will be off to the races, although as Fed chair Jay Powell has said many times before we

London shares on the back foot at midday as investors mull slowing service sector growth

Stocks fell at midday in London on Friday after new data showed that growth in service sector activity was decelerating.The FTSE 100 index traded 63.83 points lower, 0.8%, at 8,209.15. The FTSE 250 was down 104.78 points, 0.5%, at 20,393.94, although the AIM All-Share was up 0.40 of a point, 0.1%, at 772.78.The Cboe UK 100 fell 0.7% to 817.26, the Cboe UK 250 declined 0.5% at 17,755.99, and the Cb
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