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Today's Commentary
 
Friday, August 26, 2016


Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.

The MSCI All-Country World index .MIWD00000PUS was down 0.1 percent by 1041 GMT, after slipping to its lowest level since Aug. 9 earlier in the session. The pan-European STOXX 600 index also fell 0.1 percent.

Investors were wary of Yellen hinting at a near-term interest rate hike, which could divert some of the liquidity that has underpinned riskier assets worldwide, though others predicted she would strike a more equivocal note. 
  


 
 
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