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Latest on Fed’s expansive rescue programs to keep credit flowing during the coronavirus pandemic
Author: EileenLhotsky
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Rising Growth Worries Trumped Equities. Crude Oil Slumped on Huge Stock Build
Worries over global economic slowdown again took the centre stage. Financial markets declined across the board, driven by disappointing Chinese PMI, US ISM and IMF Managing Director Christine Lagarde’s forecast of weaker growth outlook. Wall Street fell with DJIA and S&P 500 indices losing -2.84% and -2.96% respectively.
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Rising Growth Worries Trumped Equities. Crude Oil Slumped on Huge Stock Build