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Global markets sink ahead of Fed update on economy

July 27, 2021

Via: ABC News

Global stock markets declined Tuesday as investors looked ahead to a Federal Reserve report for an update on when U.S. stimulus might start winding down.

London and Frankfurt opened lower while Shanghai and Hong Kong declined. Tokyo advanced.

On Monday, Wall Street’s benchmark S&P 500 index rose to a new record, shrugging off worries about the spread of the more contagious delta variant of the coronavirus.

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