World stocks fall for third day on global trade-war effects
Chemical giant BASF shares fall almost 6% after profit warning with Deutsche Bank shares continuing to tumble after axing 18,000 jobs
09 July 2019 - 13:14
London — World stocks fell for a third straight day on Tuesday, as a stinging warning came from German chemicals giant BASF about the effects of the global trade war and traders hedged bets on a hefty US interest rate cut later this month.
With global macro-economic clouds looming and critical policy signals due from US Federal Reserve chair Jerome Powell on Wednesday, the headlines and mood focused on three individual stocks...
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