Stock market news
• The tone in stock markets was decidedly weak by the end of the week, with Chinese markets getting little support from GDP data that beat expectations and hit Beijing’s 2024 growth target of 5%. Japanese stocks are also struggling with the yen strengthening above 155 per dollar for the first time in nearly a month, as traders increase bets on a Bank of Japan rate hike next week.MSCI’s index of global stocks is still on track for its best week since early November, but the rally is really a one-day story – Wednesday, when U.S. bank results gave the earnings season a...
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