Dollar Falls As Trump Worries Grow
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Dollar stores equivalent to Dollar Tree and rival Dollar General Corp (DG.N) have expanded rapidly in recent times, taking market share from Wal-Mart Stores Inc (WMT.N) and others, thanks to smaller store sizes, a wider variety of products and prices starting at $1.00. Concern that Donald Trump’s reform agenda may very well be slowed down and the threat of impeachment are weighing heavily on US indices.
Meanwhile, overnight in Asian trading, China shares snapped a 4-day successful streak as traders remained cautious amid lingering concerns over tighter regulation. The CSI300 fell 0.5pc and the Shanghai Composite index dropped zero.3pc. Yesterday, each the Nasdaq and S&P 500 hit new intraday document peaks. However, US indices are expected to skid into unfavorable territory when the opening bell sounds on Wall …
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