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Weekly market commentary - 8 January 2024

Alex Stojkovic

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Investments

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January 15, 2024

This week the rally that lifted markets at the end of 2023 ran out of steam. Markets started with a bit of new year hangover and slightly weaker jobs data in the US and accelerating inflation in the Eurozone added to the sense that the pre-Christmas enthusiasm for rate cuts was overdone.

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