Stocks falter tracking US, China policy updates
London (AFP) Nov 8, 2024
European and Asian stock markets mostly retreated Friday as US and China policy updates cause concern about growth outlooks in the world's two biggest economies. There is unease that US president-elect Donald Trump's planned tax cuts and import tariffs will rekindle inflation in the United States and beyond, which could in turn see the Federal Reserve scale back on interest-rate cuts. Eu
European and Asian stock markets mostly retreated Friday as US and China policy updates cause concern about growth outlooks in the world's two biggest economies. There is unease that US president-elect Donald Trump's planned tax cuts and import tariffs will rekindle inflation in the United States and beyond, which could in turn see the Federal Reserve scale back on interest-rate cuts. Eu