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Stocks in US seem to respond after Trump's impeachment concerns



U.S. stocks indicate higher openness on Friday when Wall Street opens, looking to recover from the losses caused by concerns about the impact of an impeachment investigation on President Trump on the markets.

The three major futures indexes are trading 0.2 percent higher.

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The Trump Congressional inquiry is throwing more volatility into a market that has already been torn by US-Chinese trade tensions.

While many analysts argue that the Trump probe will not interfere. significantly, this adds some uncertainty and may complicate the White House's efforts to resolve trade disputes with China and other countries.

Also Thursday, the Department of Commerce announced that the US economy was growing at a modest 2 percent in the second quarter, sharply lower than growth rates of 3 percent plus last year.

Ticker Security Last Change % Chg
I: DJI DOW JONES A VERAGES 26891
.12
-79.59 -0.30% -0.30% -0.30% 19659017] SP500 S&P 500 2977.62 -7.25 -0.24%
I: NAS I: COMP COMPOSITE INDEX 8030.660525 19659016] -0.58%

On Wall Street, the Standard & Poor's 500 index fell 0.2 percent and the Dow Jones Industrial Average slid 0.3 percent. The Nasdaq dropped 0.6%.

In Asian markets, China's Shanghai Composite Index ended the day by adding 0.1% but losing 2.5% in the week. It was the last day of trading before the Chinese markets closed for a week's holiday.

The Nikkei 225 in Tokyo closed 0.8% and lost 0.9% for the week. Hong Kong's Hang Seng ended the day with 0.3 percent and lost 1.3 percent in the week.

Asian traders were encouraged by a message from the Chinese Ministry of Commerce that importers have agreed to buy US soy as the two parties make conciliatory gestures before trade talks.

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Negotiations next month helped alleviate market fluctuations, but there is no sign of progress towards resolving the havoc

Europe's London FTSE added 0.8 per cent, Germany's DAX rose 0.5 per cent and France's CAC rose 0.3 per cent.

The Associated Press contributed to this article.


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