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Stocks Down On Bad Fed News
LONDON (Reuters) - Europe’s share markets struggled on Thursday and the dollar and bond yields trimmed overnight gains made after the U.S. Federal Reserve dampened bets that it might be readying its first interest rate cut in years.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 29, 2019.
REUTERS/Staff Oil and metals markets added to the pressure on stocks as traders knocked copper to a 2-1/2 month low and used news of record U.S. oil production to cash in some of Brent’s near 33 percent rise this year.
How should investors react when the macro, micro, and the mechanics start breaking down? Jim Cramer broke down how he and his team over at Action Alerts PLUS responded when the markets started to take..