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Global stocks higher after US, Chinese presidents meet

November 15, 2022

Via: ABC News

Global stocks gained Tuesday after Wall Street gave back some of last week’s huge gains, the American and Chinese presidents met and China’s consumer spending shrank in a sign its economy is weakening.

Frankfurt, Shanghai, Tokyo and Hong Kong advanced, London was little changed while oil prices declined.

Wall Street futures were higher, suggesting the prices might rebound from Monday’s 0.9% loss for the benchmark S&P 500 index. That market gave up part of last week’s 5.9% surge after lower U.S. inflation encouraged hopes the Federal Reserve might ease off planned rate hikes.

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