Global stocks climb as currency war fears ease

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World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China’s central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a currency war.

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NEW YORK (Reuters) – World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China’s central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a currency war.

Graphic: Emerging markets in 2019 – tmsnrt.rs/2ihRugV

Graphic: MSCI All Country World Index Market Cap – tmsnrt.rs/2EmTD6j

Reporting by David Randall; Editing by Bernadette Baum and Leslie Adler


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Author:

World stock markets inched higher on Tuesday, propelled by solid gains on Wall Street, after China’s central bank stepped in to stabilize the yuan, soothing fears that a protracted trade spat between the United States and China would spill over into a currency war.

Source: {authorlink}

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