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Wednesday, May 10, 2017

US markets weaken after FBI director's firing; ECB's Draghi defends stimulus – business live

All the day’s economic and financial news, as Donald Trump’s sacking of James Comey undermines the US dollar * Hopes rise for IMF participation in Greek deal * Draghi defends ECB * Dollar has fallen against pound and euro after Comey axed * Watergate memories worry investors * Sterling is rising towards $1.30 * Why Comey sacking will alarm the City * As it happened: calls for special prosecutor after Trump sacks Comey 2.49pm BST As expected following the news that FBI director James Comey had been “terminated” by President Trump, US stock markets have slipped back a little. But the falls are not dramatic, with the Dow Jones Industrial Average down around 50 points or 0.24%, the Nasdaq Composite just 0.03% lower and the S&P 500 off 0.06%. 2.28pm BST US markets are about to open, following Donald Trump’s sacking of FBI director James Comey: Stocks are looking a bit queasy ahead of the bell https://t.co/hvcb82Z12k pic.twitter.com/QK3JfKN0q5 Continue reading...


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