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Stocks, commodities consolidate after latest trade war jolt

“The markets had some time to digest the latest trade war developments and are poised to begin consolidating” writes Midwest Communications Inc for 95kqds.com. The dollar index against a basket of six major currencies was steady at 94.765 after gaining 0.6 percent overnight.TOKYO (Reuters) – Stocks and commodities recovered slightly on Thursday as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.Pointing to a moderately higher open for Wall Street shares later in the day, S&P 500 futures and Dow futures were both up by 0.3 percent.The dollar was buoyant, supported by mounting trade tensions and Wednesday’s strong U.S. inflation data.
Source: 95kqds.com

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