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Today in the markets

The latest news and events driving markets around the world, supplied by Marketwatch and Reuters.

Please remember that the ideas and conclusions in this section do not necessarily reflect the views of Fidelity’s portfolio managers or analysts. They are for general interest only and should not be taken as investment advice or as an invitation to purchase or sell any specific security.

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More latest news

OxyContin maker Purdue Pharma cuts remaining sales force

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Looking for another Nasdaq? Try Europe's aerospace and defense stocks

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Walt Disney raises bid for Fox assets to $71.3 billion, adds cash

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Walt Disney raises bid for Fox assets to $71.3 billion, adds cash

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Sorrell's heir apparent flags need for radical change at WPP

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UK

FTSE 100 leaps 1%, as commodity shares lift index off 6-week low

MarketWatch - Last Update:

Ocado, tobacco stocks rise after analyst comments. U.K. stocks jumped Tuesday, with gains for oil shares helping London's blue-chip index bounce off a six-week low that it reached as trade tensions between the U.S. and China escalated. The FTSE 100 index surged 1.2% to 7,697.86.

Europe

European stocks stage recovery, but U.S.-China trade tensions remain

MarketWatch - Last Update:

Tobacco stocks rise on ratings call. European stocks on Wednesday bounced off a nearly three-week low, staging a recovery as traders came to terms with the further deterioration in the trade relationship between the U.S. and China that sent equities worldwide tumbling in the prior session. The Stoxx Europe 600 Index rose 0.6% to 385.61, on course to wipe out Tuesday's drop of 0.7% that marked its lowest close since May 31. All sectors rose on Wednesday, led by the basic materials...

US

Hedge-fund boss who predicted '87 crash says next recession will be 'really frightening'

MarketWatch - Last Update:

'We'll have monetary policy, which will exhaust really quickly, but we don't have any fiscal stabilizers' says Jones. Paul Tudor Jones, a hedge-fund luminary, on Monday said the next economic downturn confronted by the U.S. could be an ugly one. "The next recession is really frightening because we don't have any stabilizers," he said, speaking at an event sponsored by Goldman Sachs and hosted by its CEO Lloyd Blankfein called "Talk at GS."

Asia

Asian markets struggle to recover from Tuesday's big losses

MarketWatch - Last Update:

Chinese indexes fare the worst; Nikkei gives up early gains. Asian markets struggled to recover Wednesday from the previous day's losses, with indexes around the region mixed in early trading. Chinese stocks fared the worst, adding to Tuesday's plunge and moving them closer to bear-market territory.

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