<p>JP Morgan’s Kolanovic says the second half of this year presents a 'challenging backdrop' for equities:</p><ul><li>“We expect a more challenging backdrop for stock
<p>In the uncertainty of the market ahead of the FOMC meeting early Thursday morning, gold trading is seen to have managed to display an excellent performance.</p><p><br /><
<p>The SNB rate decision is due this week, and word through the grapevine is that another hike is due. Will they announce a smaller increase this time, though?</p>
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