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British Pound a Little Higher on the Day

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Midday Market View

U.S. stocks are set for a very modest bounce at opening after sliding again on Wednesday in response to repeatedly gloomy comments about the economy from Federal Reserve officials. Stocks are set to open in muted style, with no noticeable bounce. Jobless claims are expected to fall again slightly, and new home sales will once again give bulls something to chew on. French and German business confidence improves despite fresh restrictions in Paris. And Donald Trump refuses to commit to a peaceful transition of power in November.

Midday Key Point

  • UK's Sunak says to hold press conference later in the day
  • ECB to publish latest TLTRO-III allotment at 0930 GMT

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