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Asian Stocks to Fall After Wall Street’s Wild Ride: Markets Wrap
Stocks rebounded after cooler-than-expected February inflation data, easing concerns about further economic deterioration. This positive news allowed the Federal Reserve flexibility in supporting the economy. Market negativity was already priced into stocks, and hedge funds reduced leverage due to recent shorting activity. Upcoming economic data releases include Eurozone industrial production, US PPI, jobless claims, and consumer sentiment.
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