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A second day of dovish testimony from Fed chief Janet Yellen on Thursday kept the markets in risk-on mode, and US retail sales and CPI data on Friday will be closely examined for anything that could affect the Fed's gradual tightening plans. Attention now swings to the European Central Bank's policy meeting next week.
Editor’s Picks 31 May 2016 at 0:57 GMT

The big short is back in Chinese stocks

Bloomberg
Chinese equities are once again in the cross hairs of short sellers. Short interest in one of the largest Hong Kong exchange-traded funds tracking domestic Chinese stocks has surged five-fold this month to its highest level in a year, according to data compiled by Markit and Bloomberg. The last time bearish bets were so elevated, such pessimism proved well-founded as China’s bull market turned into a $5 trillion rout.
Read full article at Bloomberg

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