Global shares dip as 'Trump trade' undermines assets

(Image: Getty)

Thu, 18 Jul 2024

By Amanda CooperGlobal shares have dipped as investors pondered what Donald Trump's victory would mean for the rest of the world, while the yen slid against a firmer dollar, prompting more warnings from Japanese officials after last week's suspected intervention.Federal Reserve chair Jerome Powell told an event at the Economic Club of Washington on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower.Markets took this as another signal the first US rate cut may not...

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