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Gold Holds Advance After US Inflation Data Affirms Fed Cut Bets

(Bloomberg) -- Gold held a three-day advance after a key US inflation report reaffirmed expectations that the Federal Reserve will likely cut interest rates next week.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpUS consumer prices rose

BofA Warns Stocks Underpricing Risk of Inflation Return

(Bloomberg) -- While the fight against inflation may largely have been won, tensions over price pressures could still disrupt confidence about interest-rate cuts. The stock market seems to be looking past these warnings.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Insti

OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast

(Bloomberg) -- OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpAmerican Institute of Architects

Future pandemic could cause $13.6 trln economic loss -Lloyd's of London

Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd's of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd's said on Wednesday. The analysis by Lloyd's and the Cambridge Centre for Risk Studies said that the most severe scenario could cause losses of $41.7 trillion, equivalent to a reduction in global GDP of 1.1%-6.4%.

Future pandemic could cause $13.6 trln economic loss -Lloyd's of London

Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd's of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and worldwide travel restrictions, Lloyd's said on Wednesday. The analysis by Lloyd's and the Cambridge Centre for Risk Studies said that the most severe scenario could cause losses of $41.7 trillion, equivalent to a reduction in global GDP of 1.1%-6.4%.

Bond Investors Await Inflation Data That Could Sway Fed Choice

(Bloomberg) -- Bond traders are on high alert for a fresh dose of inflation data out on Wednesday that could determine whether Federal Reserve officials cut or hold interest rates next week.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a

South Korea Flags Economic Risks as Political Turmoil Rumbles On

(Bloomberg) -- South Korea is facing greater downside economic risks as it tries to mitigate the impact on its currency of the turmoil triggered by last week’s martial law declaration, its finance minister said Wednesday.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Sky