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MICT @ $1.70s: Opens China/Shanghai Online Trading Platform

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Prospect of Fed Rate Increases Rattles Investors; Oil Prices at Seven-Year High -- WSJ
Good day. Investors anxious about potential interest-rate increases by the Federal Reserve sold stocks and bonds across the board on Tuesday, while interest-rate futures markets indicated investors are betting on four to five rate increases this year, up from three to four Friday. Some analysts are even bracing for a 50 basis point rate increase in March, a move that would help impress upon markets that the Fed is serious about trying to rein in the surge in inflation, according to a former top staffer at the central bank. Meanwhile in another sign of inflationary pressures, crude prices rose to their highest level since the 2014 shale-induced oil crash, gathering momentum with geopolitical tensions threatening to knock supply.
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