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European stocks close higher as Wall Street dips

  • European and Asian markets ended the day with gains on Tuesday, while major US indexes slipped lower amid cautious trading.
  • Investors monitored US Treasury yields and worried about the US budget deficit after Moody's downgraded the US credit rating last Friday.
  • Asian markets gained as China cut interest rates to historic lows to stimulate growth amid trade tensions and a spending slump.
  • Chinese battery manufacturer CATL made a strong debut on the Hong Kong market, with shares rising over 16 percent and raising $4.6 billion in what has become this year’s largest IPO globally.
  • The market showed resilience despite the Moody's downgrade and ongoing political debates, including a tax cut proposal discussed by President Trump with House Republicans.
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European stocks close higher as Wall Street dips

European and Asian stocks closed higher on Tuesday while Wall Street was trading slightly lower, without any major economic data to set a firm direction.

·Cherokee County, United States
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KHQ Right Now broke the news in Spokane, United States on Tuesday, May 20, 2025.
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