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Daily Alert: Sharemarket slump continues

  • US sharemarkets slumped on Friday as investors feared that the Federal Reserve would need to be more aggressive in lifting rates to control inflation
  • European sharemarkets fell on Friday
  • China’s May CPI printed a little lower than expected at 2.1%/yr (2.2% expected), while the producer price index slowed to 6.4%/yr from 8.0%/yr

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