Global stocks slip as markets take post-US election breather [Yahoo! Finance]
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Source: Yahoo! Finance
The euro hit a one-year low and the pound fell against the dollar, which has been invigorated by expectations that Trump's trade policies could keep interest rates higher. Wall Street's main indices all closed lower after having racked up huge gains in the days following Trump's victory and Republican gains in Congress. "We got a significant run," Art Hogan from B. Riley Wealth Management told AFP. "After a run like that in such a short period of time, it's not surprising for markets to take a breather." - Hefty losses - Leading European and Asian markets closed the day with hefty losses, with both Frankfurt and Paris falling more than two percent and Hong Kong finishing nearly three percent lower. Chinese stocks were already under pressure after disappointment about Beijing's lack of extra measures to boost China's stuttering economy. Trump's support for cryptocurrency pushed bitcoin to a record high of almost $90,000 at one point on Tuesday. Trump's decision to pick C
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