Marketmind: Stocks sober up but rate cut party lives on

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A look at the day ahead in European and global markets from Rae Wee

Asian shares stalled on Thursday after a late sharp selloff on Wall Street that left traders scratching their heads.

Perhaps investors are shutting up shop for the year, or taking some of their profits off the table before Friday’s U.S. inflation data. The Nasdaq 100 is up 51% for the year, despite Wednesday’s 1.5% slide.

Oil slipped a fraction, but the market remains skittish as shippers scramble to avoid the Red Sea after a wave of attacks. Washington has launched an initiative to improve security at the maritime…

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