GLOBAL MARKETS-World stocks rise though trade tensions dent yuan, euro gets summit boost [Reuters]
Bank of America Corporation (BAC)
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Source: Reuters
GLOBAL MARKETS-World stocks rise though trade tensions dent yuan, euro gets summit boost | Reuters Reuters Staff 5 Min Read * World stocks rebound on Asia, Europe rally * $1.75 trillion market cap lost since June 12 * Chinese yuan has worst month on record * Dollar set for strongest quarter since 2016 * Euro rises after EU Summit * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh By Helen Reid LONDON, June 29 (Reuters) - World stocks enjoyed a strong bounce on Friday with European shares recovering from a turbulent week as investors’ fears of higher barriers to trade came closer to becoming reality. MSCI’s index of world stocks rose 0.6 percent by 1212 GMT, its strongest gain in three weeks, but its second quarter was still set to be in the red as investors priced in U.S. tariffs set to be implemented next week. The U.S. administration is due to activate tariffs on Chinese goods worth $34 billion on July 6, likely prompting a tit-for-tat response from Beijing. European stocks rallie
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