2024-06-17 09:03:19

Global Markets React: Asian, European, and U.S. Stocks Respond to China's Economic Slowdown and Political Uncertainty

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The global stock market experienced various reactions to China's manufacturing slowdown and struggling property market. Asian shares declined, European stocks sank amid election uncertainties, and U.S. stocks set records on hopes of interest rate cuts.

Concerns over global risks and a political crisis in France impacted market sentiment. Central bank decisions hinted at possible delays in interest-rate easing cycles, with gold rallying as risk sentiment turned sour.

The stock market saw mixed movements as the Fed leaned against rate cut bets, impacting tech stocks like Tesla and Broadcom. While Hong Kong stocks rose on China's retail sales data, the dollar remained strong amidst euro lows and market anticipation of crucial Chinese economic data.

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