Global stocks regain the green color. The Federal Reserve may scale back the pace of its interest rate hikes already in December as it approaches the level of restraint that will be sufficient to bring inflation down, Fed Chair Powell said in a speech at the Brookings Institution.
Domestic stocks went up for the 5th session in a row, matched orders remained high. Vietnam increases cotton imports with its major partner, Brazil. The global cotton industry is facing a supply shortage.
- Domestic and international news
- Fed Chairman hints at the possibility of rate hikes slowing down in December.
- Technical view and recommendations
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