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US Dollar Losses are Extended, but Momentum Stalls in the European Morning
US stocks extended their gains ahead of the weekend after President Trump shied away from specific actions against China-Hong Kong, and today Hong Kong shares recovered smartly from last week's 3.6% slide. The Hang Seng rose 3.3% today, and the Shanghai Composite gained over 2%. All the markets in the region advanced. Europea's Dow Jones Stoxx 600 was up about 0.5% in late morning turnover, which would be the fifth gain in six sessions. US shares are trading with a softer bias, and many link it to the social unrest in many cities that could hinder re-openings. However, the losses are thus far too small to extrapolate ... (full story)