Wednesday 23 January 2019
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dailystar lb - 3 month ago

Wall Street cuts losses, stocks wobble

A gauge of stocks across the world pared losses Wednesday as a rally in bank shares helped buoy Wall Street, but the outlook on earnings soured after a warning on the European auto sector and a revenue miss from IBM. Crude futures fell for the first session in four after U.S. government data showed a much larger than expected build in crude inventories. WTI touched its lowest price in a month. The U.S. dollar rose as the market awaited the minutes from the latest Federal Reserve meeting.

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