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World stock markets fall on trade fears and rate hike worries

Updated : September 11, 2018 06:29 AM IST

US job growth accelerated in August and wages notched their largest annual increase in more than nine years, cementing expectations for a third US Federal Reserve interest rate hike for the year in late September.
Wall Street stocks ended lower, dragged down after Trump threatened tariffs on a further $267 billion worth of Chinese imports, on top of levies on $200 billion worth of goods that Trump promised could go into effect "very soon."
US benchmark Treasury yields rose to their highest levels in almost a month after the higher-than-expected increase in wages raised expectations of higher inflation.
World stock markets fall on trade fears and rate hike worries

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