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Trump: China wants US deal much more than I do

Bloomberg President Donald Trump said trade talks with China are moving along “very nicely,” and said the leaders in Beijing wanted a deal “much more than I do.” Trump also described as “incorrect” reports about how much the US was ready to roll back tariffs on China. “If we don’t make that right deal, we’re not going to make a ...

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Get ready as ‘beta-chasing’ stock managers try to make up ground

Bloomberg It’s been the same trade all year. A recession is coming, so get defensive. Now the strategy is unwinding and stock managers who toed the line all the way into November have furious catching up to do. That’s bad if you’re in charge of an equity portfolio that’s straggling. But for anyone hoping to ride along with more upward ...

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Morgan Stanley going cold on European stocks

Bloomberg After sending European stocks surging to multi-year highs on trade optimism, investors may hit the brakes on the rally, according to Morgan Stanley. Optimism about a US-China trade deal and receding risks of no-deal Brexit have boosted shares in recent weeks, with the Stoxx Europe 600 Index now less than 2% away from a record high reached in 2015. ...

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