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United States : US: Stocks battered by WallStreet, fears of US slowdown

Dec 06, 2018 (Euclid Infotech Ltd via COMTEX) --

Global stocks fell on Wednesday, plagued by a flattening yield curve that sparked concerns about a economic slowdown in the United States and weakening expectations of a lasting US-China trade truce, while the dollar steadied.

US markets were closed to mark former President George H.W. Bush's death, but the effect of WallStreet's turmoil in the previous session, when New York-listed shares tumbled more than 3 per cent, was felt in Asia and Europe.

The MSCI's all-country index shed 0.5 per cent.

Tuesday's markets chaos came a day after equities boomed on optimism that China and the US had temporarily called a tariff ceasefire to sort out their trade dispute. But doubts began soon after along with President Donald Trump threatening "major tariffs" on Chinese imports if his administration failed to reach an effective trade deal with Beijing.

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