World shares close to two-year highs and fourth weekly gains
The US Fed’s third rate cut of 2019 has given markets a boost, despite US-China trade problems and the impeachment process underway in the US
01 November 2019 - 13:32
London — World shares were eyeing two-year highs and a fourth straight week of gains on Friday as the third US interest rate cut of the year and a surprise bounce in Chinese manufacturing activity eclipsed a blizzard of otherwise sickly global data.
Reports of more US-China trade difficulties, impeachment strains on Washington, the first day at the European Central Bank (ECB) without former president Mario Draghi, and monthly US jobs figures were all in the mix too, but markets marched on...
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