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Stocks rise after China’s IP move; Treasuries decline

Bloomberg Stocks climbed globally along with US equity futures as investors digested China’s decision to tighten intellectual property rules, a move that may boost the chances of a trade deal between the world’s largest economies. Treasuries and the yen both dipped. All 19 sectors rose on the Stoxx Europe 600 Index and all major markets advanced, from the UK to ...

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Bitcoin sinks more than 10% to lowest level in six months

Bloomberg Bitcoin sank more than 10% to the lowest level in six months, extending last week’s slide past the weekend on concerns about a crackdown on cryptocurrency operations by China. The digital currency plunged as much as 11% from November 22’s close and was trading below $6,600 as of 1:50 pm in Hong Kong, according to Bloomberg composite pricing. It’s ...

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IMF cuts Japan’s GDP forecast third time amid global risks

Bloomberg The International Monetary Fund (IMF) called on Japan’s government and the Bank of Japan (BOJ) to cooperate more in support of the economy as it cut its 2019 growth forecast for the third time this year amid heightened global risks. Speaking at the conclusion of the fund’s annual mission to review Japan’s economy, IMF managing director Kristalina Georgieva essentially ...

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