World shares slip from 21-month high on US-China trade deal delay
Investors expect the US Fed to cut rates later in the day, but are focusing on policy outlook; UK election decision brings sterling down
30 October 2019 - 12:55
London — World shares slipped off 21-month highs on Wednesday as the prospect of a US interest rate cut was offset by reports that a China-US trade deal may be delayed, but a possible $50bn merger between Fiat Chrysler Automobiles (FCA) and PSA capped European losses.
Sentiment has also been dented by weak earnings from a swath of companies ranging from European banking giant Deutsche to tech titan Google, and by renewed uncertainty in Britain, which is set to hold a parliamentary election on December 12...
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