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US Markets Soar Despite Walmart's Earnings Warning

2/21/2025

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Summary

Story summary

US stock markets hover near record highs, but Walmart's cautious earnings forecast caused a 6.5% decline in its stock.
The ASX 200 dipped below 8300, impacted by disappointing earnings from major banks and mining firms.
UK inflation increased to 3% year-over-year, while Australia reduced its interest rate to 4.10%.
New Zealand's Reserve Bank also lowered its rate to 3.75%.
Key economic data releases are expected next week across Australia, New Zealand, Japan, China, and the US.

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Story summary

US stock markets hover near record highs, but Walmart's cautious earnings forecast caused a 6.5% decline in its stock.
The ASX 200 dipped below 8300, impacted by disappointing earnings from major banks and mining firms.
UK inflation increased to 3% year-over-year, while Australia reduced its interest rate to 4.10%.
New Zealand's Reserve Bank also lowered its rate to 3.75%.
Key economic data releases are expected next week across Australia, New Zealand, Japan, China, and the US.