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Daily Alert: Markets shrug off Taiwan tensions, grim BoE forecasts

  • Market sentiment has been fairly resilient overnight despite a bit of diverse headwinds.
  • The Bank of England has been out with some grim forecasts, Fed speakers have been on the wires re-enforcing a hawkish line, and the latest earnings data has disappointed
  • Most seriously of all, China has launched a series of military drills in the Taiwan Strait in response to a recent visit by US House Speaker Nancy Pelosi to Taiwan, which China regards as part of its territory.

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