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South Africa Inflation Plunge Backs Case for Rate Cut Next Month

(Bloomberg) -- South Africa’s inflation rate dropped to the lowest level in three years, supporting the case for monetary policy easing this quarter. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemConsumer prices rose 4.6% in July from a year earlier, compared with 5.1% in June, Statistics South Africa

Stocks Drift as Traders Await Rate Cut Clues: Markets Wrap

(Bloomberg) -- Stocks drifted as investors awaited an annual review of US jobs data as well as Federal Reserve meeting minutes for further clues on interest rate cuts.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemEurope’s Stoxx 600 edged higher and US equity futures posted small moves. The yield on 10-year Treasuries was flat, while a gaug