Stocks Drop as US & China Trade Accusations; IATA AGM; OPEC+ Hike
US equity futures fall and the dollar weakens against major currencies as China and the US accuse each other of violating their trade deal. Aviation executives update investors from the IATA Annual General Meeting underway in New Delhi. Sharon Bell of Goldman Sachs says the weaker dollar has given European investors cause to invest in Europe instead of the US. Thierry Wizman of Macquarie Group discusses a change in the dollar's structural relationship to risk. John B. King Jr., State University of New York Chancellor and former US Education Secretary, says President Trump's attack on universities is concerning. (Source: Bloomberg)
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