Global investors take profits, ending 2019’s longest winning streak
European bourses followed Asian peers down, putting the MSCI's gauge of stocks around the world on course to break seven days of gains
London — World shares faced an end to their longest winning streak of the year as investors took profits on Wednesday before the US Federal Reserve's policy decision, seen as offering clues to interest rate prospects over the coming year. European bourses followed Asian peers down, putting the MSCI's gauge of stocks around the world on course to break seven days of gains, with reports of renewed tension in US-China trade talks also fraying nerves. The Euro Stoxx 600 fell 0.3%, with indices in Britain and France also slightly down as investors closed positions before the Fed's decision, due at 6pm GMT. Germany underperformed, its bourse dragged down as chemicals group Bayer faced its worst day in 16 years after a second US jury ruled its Roundup weedkiller caused cancer. The US central bank is expected to hold rates steady and cut the number of hikes projected for the rest of the year, signalling since early this year a "patient" approach to increasing borrowing costs. That patience ...
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