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Stocks of Wall St. A rebound from the downturn in the trade war



Stocks in the United States rose on Tuesday with a rebound that led to world markets decline.

The S&P 500 rose more than 1% shortly after trading began, recovering from a 1.2% decline on Monday. [19659002] Investors were worried about concerns about the US-China trade war. On Tuesday, reflecting the ripple of this conflict, Singapore reduced its annual economic growth expectations to zero and 1%. Investors also responded to unexpected election results from Argentina, which sent stocks and currency to the country.

New data published on Tuesday also show that the outlook for the German economy has deteriorated significantly. The ZEW economic sentiment indicator fell 1

9.6 points from the previous month to 44.1 points in August.

"The latest escalation in the US-China trade dispute, the risk of competitive depreciation and the increased likelihood of non-compliance with the Brexit deal put further pressure on already weak economic growth," said Achim Wambach, ZEW President, Center, in a statement for economic research. "This is likely to put additional strain on the development of German exports and industrial production."


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