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Financial markets are wrongly discounting trade risks

US financial markets seem unfazed by a sequence of negative developments on the trade front. The May 17 date set by Paul Ryan, Speaker of the US House of Representatives, for Congress to approve a revised North American Free Trade Agreement has passed with no resolution. The European Union, a major US ally, resents the June 1 deadline President Donald ...

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Stocks retreat globally as dollar climbs with bonds

Bloomberg Stocks fell from Tokyo to New York as data cast doubts on growth prospects for the euro area while political tensions increased in North Korea, Turkey and the US Ten-year Treasury yields briefly dipped below 3 percent, while the dollar climbed. The S&P 500 Index dropped for a second day at the highest since March, while the Stoxx Europe ...

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Chinese stocks slide most in seven weeks as trade optimism fades

Bloomberg Chinese stocks slid in Hong Kong and Shanghai amid concern over trade talks with the US and government efforts to cap coal price gains. The yuan neared a four-month low against the greenback, while bonds gained. The Hang Seng China Enterprises Index slumped 2.1 percent at the close, its biggest retreat in seven weeks, while the Shanghai Composite Index ...

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