Scoreboard: Hiking trip

Wall Street slipped after the Fed suggested rate hikes could be on the cards and the IMF warned on European deflation.

Another lacklustre session overnight, with the major global indices little different to zero. I get the sense that with poor weather distorting US data and the International Monetary Fund doing its utmost to drum up fear (talking about the possibility for an emerging market crisis or deflation to derail global growth), investors are just sitting on the sidelines for now.


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