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Global Markets: Stocks recede from two-month highs; Aussie dollar dives

Firstpost Thursday, 7 February 2019
By Chuck Mikolajczak and Lewis Krauskopf NEW YORK (Reuters) - The Australian dollar tumbled on Wednesday after its central bank signalled a possible interest-rate cut in the latest indication a global economic slowdown is tilting policymakers towards looser monetary policy, while a gauge of world equity markets edged back from two-month highs. Wall Street's benchmark S&P 500 slipped on concerns over growth, disappointing earnings reports and another possible U.S. government shutdown in the wake of President Donald Trump's State of the Union address on Tuesday
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News video: Stocks Trading Down Globally

Stocks Trading Down Globally 00:46

According to Reutes, MSCI's global gauge of stocks is down for a second day. After six consecutive days of gains, the stock index also snapped a pair of two-month highs yesterday. But the losses today are a bit worse On the day for Feb. 7th, MSCI's all country world stock index fell over 1-percent,...

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