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The Economy US GDP rebounds in the third quarter. Bank of Canada to target long-term yields. Eurozone growth surprises to the upside but ECB wary of downside risks. UK housing demand jumps. Manufacturing improves in Japan. Australia’s core inflation remains muted.
The Market Painful week for global equities, led by heavy losses in Europe. US yields touch four-month highs as elections draw near. The dollar gains amid risk-off sentiment. Oil plunges on Covid-driven demand worries.