- It was a weak day for risk assets yesterday with European and US markets finishing in the red, as expectations on the future path of monetary policy continued to be the main driver of market direction.
- This morning the UK’s Competition and Markets Authority approved a revised deal for Microsoft to acquire Activision Blizzard clearing the way for the deal to complete.
- Treasury yields climbed as higher-than-expected CPI bolstered speculation on an additional FED hike.
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