Global stocks fall from 20-month highs on trade talk doubts [Reuters (UK)]
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Source: Reuters
Global stocks fall from 20-month highs on trade talk doubts - Reuters 5 Min Read NEW YORK (Reuters) - World stock markets slid from 20-month highs on Thursday as uncertainty about a U.S.-China trade deal offset strong results from Apple and Facebook, while the dollar weakened as investors mulled whether the Federal Reserve will cut rates further. Chinese officials doubt a comprehensive long-term trade deal with Washington and U.S. President Donald Trump is doable, Bloomberg reported, citing unidentified sources. The trade spat between the world’s largest economies has been a major focal point for investors as it has disrupted supply chains and roiled financial markets for more than a year. MSCI’s gauge of equity performance in 47 countries .MIWD00000PUS slid 0.15% from highs last reached in February 2018. The dollar fell to a 10-day low against a basket of major currencies after the Fed cut rates on Wednesday. The Fed lowered its policy rate by a quarter of a percentage point to a tar
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