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Markets turn lower as trade war rally fades

Energy Daily Friday, 25 July 2025 ()
Hong Kong (AFP) July 25, 2025

Stock markets fell Friday as their latest rally ran out of legs, with sentiment weighed by strong US jobs data that saw investors row back their expectations for interest rate cuts. With Japan's trade deal with Washington out of the way for now, attention was also turning to European Union attempts to reach an agreement to pare Donald Trump's threatened tariffs before next Friday's deadline.
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