Wall Street Selloff, EU Borrowing, Trump Fears

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Reuters

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Business

Business & Economics

Morning Bid: Wall Street's epic swoon wipes out Trump bump

Summary

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72% Informative

Wall St's withering stock selloff has wiped out virtually all post-election gains and risks turning into a momentum-driven rout unless there's some change in the darkening economic picture or the uncertain U.S. government trade policy stance.

Take a look at the European defense spending reboot and the extent to which it may seed another round of joint borrowing by European Union countries.

Find this and more on the Wall Street rout below.

The EU sees 500 billion euros of investments as needed over the next decade .

But raising defence spending to 3% of output would require nearly 200 billion euros per year on top of that.

Eastern European countries might baulk at having to shoulder greater defence responsibilities to protect the whole bloc solely due to their proximity to Russia .

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formal

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English

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