Stocks started the year on the front foot, building on strong gains for many asset classes in 2019 as investors cheered the latest policy move by China’s central bank to support its economy. The dollar and Treasuries strengthened.
The euro fell as data showed the region’s manufacturing downturn deepened in December. The dollar stayed higher as U.S. jobless claims dropped to a four-week low, while the pound weakened following its best quarter in a decade.
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