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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Markets Track Wall St Records After Powell Hints At Rate Cut

Jerome Powell Communist Party Hong Kong Shanghai Xi Jinping Economy
A Wall Street sign outside the New York Stock Exchange. (Credit: STAN HONDA/AFP)

Asian and European stocks on Thursday tagged along with a Wall Street rally that saw another round of record highs as bets on a September interest rate hike surged following comments by Federal Reserve boss Jerome Powell.

The advances also saw Hong Kong and Shanghai push higher after struggling in recent weeks over worries about the Chinese economy, with investors awaiting a key Communist Party meeting next week.

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