Global stock market has slipped back
Publish Date : 2019/08/01 - 05:28

Asian stocks hit their six-month lows on Thursday, but the dollar climbed to its two-year highs, following moves by the Fed to cut interest rates by 25 percent and declaring that the easing cycle was not long in federal policy.

Japan's Nikkei has offset its losses and climbed slightly.

Australian stocks were down 0.2%.

Chinese stocks accelerated with a 0.8 percent drop in its key indicators.

The global stock market has slipped back, citing Jerome Powell's suggestion that interest rates cuts on Wednesday are not the start of future rates cuts.

Source: Reuters

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