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US stocks hit fresh records as European bourses retreat
Wall Street stocks closed at fresh records Friday, extending a post-election rally while European equities pulled back as investors weighed the impact of Donald Trump’s presidential election win.All three major US indices pushed to records, with the S&P 500 ending up around 4.7 percent for the week.”We’re in this honeymoon period between Election Day and …
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Stock markets waver after US election rally, rate cut
Wall Street shares mostly rose but global stock markets fell on Friday following rallies this week as investors weighed the impact of Donald Trump’s presidential election win and efforts to prop up China’s economy.The Dow and S&P 500 were up in morning deals but the tech-heavy Nasdaq was flat following fresh records the previous days …
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Cartier owner’s profit sinks as China sales slump
Cartier owner Richemont posted Friday a hefty drop in net profit for the first half of the year as watch sales sank in China, where weak consumer spending has hit the luxury sector.Richemont said its profit after tax reached 457 million euros ($492 million), down from 1.5 billion euros in the same six-month period last …
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