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Global markets extended their losses for the week, with uncertainties surrounding the impending US presidential election. Major benchmarks across the US and Europe appear set to close lower, influenced by the closely contested race between Trump and Harris. Michael McCarthy, Market Strategist and Chief Commercial Officer at Moomoo Australia remarked: “The US election result that global markets fear most is a stalemate – no clear winner,” adding: “Such an outcome would almost certainly derail the four-year-plus bull market in US stocks, pulling down global shares as well”. Related Trump says ‘l…

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