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Equities Close to Lows Alongside Reports of US Probe into China Trade

US-CHINA
  • Bloomberg reports that Biden's economic team are considering conducting a new investigation into the use of Chinese subsidies and their damage on the US economy. The report goes on to say that the move is seen as a way in which to add pressure to Beijing on trade matters.
  • Equities remain fragile on the report, with the e-mini S&P close to the day's lows of 4477.25.

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