Markets hit by caution ahead of US retail sales data

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The mood across financial markets was cautious this morning as rising geopolitical tensions in the Middle East and persistent uncertainty over US-China trade developments capped risk appetite.

Asian stocks were subdued on Friday after China’s industrial output dropped to its lowest levels for more than 17 years in May. The risk-off tone and disappointment from Asia have already infected European markets which are trading lower this morning. With a sense of caution also kicking in ahead of next week’s Federal Reserve meeting, Wall Street may struggle to maintain gains this afternoon as… Read More:

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