GLOBAL MARKETS-Stocks give up early gains, pound hits 6-week high
A gauge of global stocks gave up initial gains on Monday as investors questioned whether likely stimulus measures from the world's central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading. Earlier, data showed Japan's economy grew at a slower pace than initially estimated in the second quarter as the U.S.-China trade war prompted a downward revision of business spending, intensifying calls for the central bank to deepen stimulus this month. The European Central Bank is expected to introduce new stimulus measures at its meeting on Thursday.
Published:9/9/2019 1:20:35 PM