A logo of the Bank of America is seen on an office building at the Gujarat International Finance Tec-City at Gandhinagar
BofA attributed the shift to weak U.S. payrolls data for July, and the volatility shock associated with the rebound in the yen.A net 47% of survey respondents expect a weaker global economy in the next 12 months, down 20 percentage points from July.Eyes will now turn to the consumer price inflation data on Wednesday in the UK and US — a key metric central banks look to in deciding the interest rate path.
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