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- Hyderabad finish second after last IPL league match washed out
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- Man City win historic fourth straight Premier League title
- Haaland wins second Premier League Golden Boot
- Arsenal's title dreams dashed despite last-day win over Everton
- Foden fires Man City to record fourth consecutive Premier League title
- Zverev beats Jarry to claim second Rome Open title
- Imola proves McLaren are back in business predicts Norris
- Sean 'Diddy' Combs apologizes after video shows him assaulting partner
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- S.Africa top court to rule on Zuma election ban Monday
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- Biden reaches out to Gaza protesters in speech at rights icon's college
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- Pogacar soars to landmark Giro win on snow-capped peak
- Klopp receives emotional farewell tribute from Liverpool fans
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- Scheffler well back at PGA as officials say no bodycam video of arrest
- Strikes kills 11 in Ukraine region under Russian offensive
- Argentina's Milei stars in global far-right rally in Spain
- Verstappen resists Norris attack to claim dramatic victory at Imola
- Raducanu pulls out of French Open qualifying to train on grass
- Verstappen holds off Norris to clinch Emilia Romagna Grand Prix
- Hollywood icons Costner and Demi Moore in Cannes comeback
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- DR Congo thwarts Kinshasa 'coup attempt' : army
- Injured Sinner back on road to French Open
- Dominican Republic votes for president in poll overshadowed by Haiti crisis
- France says will quell New Caledonia riots 'whatever the cost'
- 'Blood everywhere': Survivor recounts attack on tourists in Afghanistan
- Deadly bombs hit Gaza as US security envoy visits Israel
- World javelin champion Kitaguchi lays down marker in Tokyo
- Hundreds protest Taiwan's ruling party on eve of inauguration
- French forces smash roadblocks in bid to clear key New Caledonia road
- Russian exiles in Georgia inspired by protests but scared
- Taiwan's next president goes shrimp fishing with foreign guests
- Can Costner lead the revenge of France's much-mocked Kevins?
- Dramas elevate Iran cinema but it's comedy that sells
- Fury unsure on rematch after Usyk inflicts his first defeat
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- 'Maldives what?': Saudi fashionistas attempt beach rebrand
- Dallas rally to down Thunder, reach NBA Western Conference finals
Markets mixed as traders weigh rates outlook
Equity markets were mixed Wednesday as the latest global rally ran out of steam due to a lack of major catalysts, while investors contemplated the outlook for monetary policy.
While Europe enjoyed a firm session Tuesday, Wall Street was a little more tepid after surging in reaction to Friday's below-forecast US jobs data, which ramped up bets on a Federal Reserve interest rate cut.
With the next major economic release on inflation not until next week, and many big-ticket earnings releases out of the way, investors are keeping tabs on comments from central bankers, hoping for an idea about their plans.
"There was limited data on corporate earnings to worry the markets, with no unexpected surprises and a lack of major US economic data in the days ahead," said Kyle Rodda at Capital.com.
"Debate continues within markets and among policymakers about the appropriate level for interest rates."
Many have spent the year pushing back against market expectations for how many cuts will be enacted this year as inflation comes down, and with recent data suggesting that battle still has a long way to go, they are sticking to their guns.
The latest, Minneapolis Fed boss Neel Kashkari, said he thought borrowing costs would likely stay higher for some time so that officials could be sure prices were being brought under control and get inflation back to the two percent target.
"The most likely scenario is we sit here for an extended period of time," he said, according to Bloomberg News.
"If inflation starts to tick back down or we see some marked weakening in the labour market then that might cause us to cut back on interest rates."
But he added: "Or if we get convinced eventually that inflation is embedded or entrenched now at three percent and that we need to go higher, we would do that if we needed to."
However, he said, that bar was quite high.
The Dow and S&P 500 eked out small gains in New York, though the Nasdaq struggled.
Asian markets wobbled with Hong Kong falling for a second straight day after a 10-day winning streak, while Tokyo, Shanghai, Singapore, Wellington, Mumbai, Bangkok and Jakarta also retreated.
Sydney, Seoul, Taipei and Manila edged up.
London, Paris and Frankfurt opened on the front foot.
- Key figures around 0715 GMT -
Tokyo - Nikkei 225: DOWN 1.6 percent at 38,202.37 (close)
Hong Kong - Hang Seng Index: DOWN 0.8 percent at 18,334.94
Shanghai - Composite: DOWN 0.6 percent at 3,128.48 (close)
London - FTSE 100: UP 0.4 percent at 8,348.50
Dollar/yen: UP at 155.32 yen from 154.68 yen on Tuesday
Euro/dollar: DOWN at $1.0745 from $1.0758
Pound/dollar: DOWN at $1.2487 from $1.2509
Euro/pound: UP at 86.05 from 85.98 pence
West Texas Intermediate: DOWN 0.9 percent at $77.71 per barrel
Brent North Sea Crude: DOWN 0.9 percent at $82.43 per barrel
New York - Dow: UP 0.1 percent at 38,884.26 (close)
J.Horn--BTB