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Shares, bonds brace for high U.S. inflation, hawkish Fed
China shares flat, S&P futures steady
Oil drops for 2nd session on concerns over rising COVID-19 cases
Brent crude slid 38 cents, or 0.46%, to $81.37 a barrel
Dollar firm as inflation test looms
Trade in the Asia session was thinned by a holiday in Japan
Gold holds steady near 3-week low as markets weigh quicker Fed hikes
Spot gold was little changed at $1,795.11 per ounce
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