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Global stock markets remained stable near record highs on Friday. Donald Trump and Vladimir Putin met in Alaska to discuss Ukraine. US Treasury bond prices declined amid expectations of a Federal Reserve rate cut. The Dow reached a new intraday high. European shares saw a slight pullback after nearing a five-month high.
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European shares experienced a slight dip, influenced by declines in tech and financial sectors, even as investors eyed the U.S.-Russia summit. While miners and healthcare showed gains, corporate earnings painted a mixed picture. Pandora's significant fall due to weakening sales and Standard Chartered's probe call impacted market sentiment.
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News and Media
The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth's surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve's policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin's meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing crude prices.
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News and Media
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