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Stocks knocked by earnings reality check; dollar firm

GLOBAL MARKETS-Stocks knocked by earnings reality check; dollar firm Grim ASML outlook hits chip stocks Luxury giant LVMH result disappoints, cites weak China spending Dollar near two-month high on measured rate-cut bets Updates prices at 1200 GMT By Amanda Cooper LONDON, Oct 16 (Reuters) - Global stocks fell on Wednesday after gloomy results from European heavyweights LVMH LVMH.PA and tech company ASML ASML.AS dented sentiment, while the dollar gained as investors banked on a more moderate decl
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British inflation sends pound briefly below $1.30, dollar firm on Fed outlook, potential Trump win

British inflation sends pound briefly below $1.30, dollar firm on Fed outlook, potential Trump win Updates prices at 1120 GMT By Alun John and Kevin Buckland LONDON/TOKYO, Oct 16 (Reuters) - Sterling tumbled to its lowest in two months on Wednesday after softer than expected British inflation data offered scope for the Bank of England to cut rates more forcefully, while the euro was at a 10-week low ahead of a European Central Bank meeting.
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FX traders could be on the cusp of taking dollar higher

BUZZ-COMMENT-FX traders could be on the cusp of taking dollar higher Oct 16 (Reuters) - FX traders should be on the cusp of taking the U.S. dollar much higher in coming sessions, as fundamental factors underpin and key technical levels are overcome. The greenback has been underpinned as traders priced out rate cuts from the Federal Reserve and included a potential election win by former President Donald Trump - seen as a dollar positive - in their thinking .
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Stocks stunned by ASML curveball, pound plunges

MORNING BID AMERICAS-Stocks stunned by ASML curveball, pound plunges A look at the day ahead in U.S. and global markets from Mike Dolan World markets struggled to find a footing on Wednesday after Europe's ASML ASML.AS sideswiped the global chip sector late yesterday with a surprisingly weak orders outlook and investors prayed the flub was a one-off as third-quarter earnings updates stream in.
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The more the BoE cuts, the less merry pound may be

BUZZ-COMMENT-The more the BoE cuts, the less merry pound may be Sterling might be in for a far from merry Christmas if the probability of the Bank of England delivering three or more consecutive interest rate cuts, beginning in November, continues to grow. Markets currently see a material chance of the BoE reducing rates in December and February, in addition to the 25 basis point cut to 4.75% expected on Nov.
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