UJPY - U.S. Over-Promises And Under-Delivers While BOE Steps Up With 50 Basis Point Rate Cut

Overview: The S&P 500 and Dow Jones Industrials sold off after the higher open and briefly traded below yesterday's lows. Investors seemed disappointed that the Trump Administration was not ready with specific policies after Monday's tease that had initially helped lift Asia Pacific and European markets earlier on Tuesday. This sparked a sharp decline in Europe into the close. Several individual European markets posted bearish outside down days by trading above yesterday's highs and then reversing to close at new lows. However, as investors concluded that US fiscal support would be forthcoming, US stocks rallied

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