US Q1 GDP growth revised down to 2.0% from 2.2%; Wall Street makes sluggish start. Trump drops new restrictions on China investment China equities hit fresh one-year low as investors track trade dispute US growth data for the first quarter revised down to 2.0% from 2.2% Dollar index slips from renewed 12-month high European bourses lower into the US open during choppy session India’s rupee hits record low as emerging market currencies stay exposed Renminbi weakens further Oil steadier after rally Sterling at 7½-month low as concerns about the Brexit outlook deepen.
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