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The one bull market Xi Jinping cares about

Unlike Donald Trump, who slavishly sought validation from the S&P 500, China’s president Xi Jinping seems impervious to the ups and downs of financial markets.

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US on dangerous ground

Following the cut in the long-term foreign-currency issuer default rating to AA+ from AAA by Fitch Ratings on Aug 1, 2023, the US fixed-income yield curve has steepened considerably with notable movement on the long-end.

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Biden says US debt ceiling talks are moving along

President Joe Biden said on Saturday that talks with Congress on raising the U.S. government's debt limit were moving along and more will be known about their progress in the next two days.

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