Stock market

The globe goes dovish

Rubem Novaes, the new president of the Bank of Brazil. Photo: Evaristo Sa/AFP/Getty Images

The reversal of quantitative tightening has now gone global.

The big picture: Emerging market central banks are now the most dovish they have been since 2009, Bank of America Merrill Lynch strategists said. Their findings were based on language in various central bank statements.

Platinum and palladium's uncoupling

Data: FactSet; Chart: Chris Canipe/Axios
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