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European Open: The week begins with an extension of risk-off

Asian markets and commodity FX led the way lower overnight as traders continued fret over the potential for a global recession.

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May 9, 2022 03:23 PM

Risk-off returns as Moderna CEO makes glum prediction

An article in the Financial Times triggered a fresh round of selling before the European open, as Moderna’s CEO predicts vaccines will be less effective.

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