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Stock markets drop as early US rate cut chances recede
Stock markets drop as early US rate cut chances recede
Economy
by  AFP

Stock markets retreated Monday, extending a weak start to the year, after a forecast-busting US jobs report further dampened hopes of an early cut to interest rates in the world's biggest economy. "Solid US jobs growth, cautious Fed minutes and a still robust US economy raise doubts about markets' aggressive Fed rate-cut expectations," it added.