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European stocks closed lower on Wednesday, weighed down by data showing a bigger than expected increase in consumer price inflation in the U.K. in the month of April, adding to concerns about the outlook for interest rates, after some hawkish comments from a few Fed officials suggested the U.
Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.
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Designer names get discount treatment
Anglo American has opened the doors to talks with BHP, which suggests that the target is under shareholder pressure to talk.
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