Wall Street indices fell due to tech shares decline and fears of new trade tensions with China. Dow led with a 1.3% drop, despite recent record highs. Market continues to be cautious amidst overbought tech shares and rise in VIX volatility index.
Speculation about US President Joe Biden's potential candidacy and election outcome creates market uncertainty. European stock markets ended mixed, influenced by oil price surge and stability. Dollar firmed post hesitation over US Federal Reserve interest rate cuts.
European Central Bank (ECB) maintained steady interest rates amid stable consumer price rises, pausing after a previous cut to control inflation. Market awaits clear signals for future rate adjustments.
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