Global Shares Drop After Trump Backtracks Stimulus Talks
Global stock markets traded mostly lower this morning as U.S. President Donald Trump halts talks concerning another federal stimulus package.
U.S. futures were up slightly, while shares in Germany, France and Japan slipped. In China, markets are closed for a weeklong holiday.
The president’s decision to suspend economic aid talks follows U.S. Federal Reserve Chair Jerome Powell’s urging statement to Congress that the Fed cannot support the economy by itself, saying limited support “would lead to a weak recovery, creating unnecessary hardship.”
But Trump’s ruling is likely just another bargaining trick...
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