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US stocks surged on Wednesday after Donald Trump backed off his plans to hit a huge swath of trading partners with steep tariffs, but investors and analysts said uncertainty over the duties would persist. The S&P 500 jumped 9.5 per cent on Wednesday, while the tech-heavy Nasdaq Composite jumped 12 per cent, the best days … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. China has fixed the renminbi at its weakest level in 18 months in the first sign it will permit currency depreciation to offset an escalating trade war with the US. The People’s Bank of China … Read more
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