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Kenya's economy faces climate change risks: World Bank
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India's Modi in Sri Lanka for defence and energy deals
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Fractious Republicans seek unity over Trump tax cuts
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Trump's global tariff takes effect in dramatic US trade shift
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'I don't have a voice in my head': Life with no inner monologue
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Lula admits 'still a lot to do' for Indigenous Brazilians
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California to defy Trump's tariffs to allay global trade fears
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Sean 'Diddy' Combs faces more charges ahead of criminal trial
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Intercommunal violence kills dozens in central Nigeria
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Trump goads China as global trade war escalates
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How can the EU respond to Trump tariffs?
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Canada loses jobs for first time in 3 years as US tariffs bite
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Nations divided ahead of decisive week for shipping emissions
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US job growth strong in March but Trump tariff impact still to come
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Stocks, oil slump as China retaliates and Trump digs in heels
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US hiring beats expectations in March as tariff uncertainty brews
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Where things stand in the US-China trade war
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UK spy agency MI5 reveals fruity secrets in new show
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Taiwan earmarks $2.7 bn to help industries hit by US tariffs
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Greece nixes Acropolis shoot for 'Poor Things' director
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Trump unveils first $5 million 'gold card' visa
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BP chairman to step down after energy strategy reset
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Indian patriotic movie 'icon' Manoj Kumar dies aged 87
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Pacific nations perplexed, worried by Trump tariffs
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Prominent US academic facing royal insult charge in Thailand
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Yana, a 130,000-year-old baby mammoth, goes under the scalpel
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Crops under threat as surprise March heatwave hits Central Asia: study
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Japan PM says Trump tariffs a 'national crisis'
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'It's gone': conservation science in Thailand's burning forest
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EU leaders push for influence at Central Asia summit
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Asian stocks extend global rout after Trump's shock tariff blitz
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German industry grapples with AI at trade fair
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Where Trump's tariffs could hurt Americans' wallets
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Trump tariffs on Mexico: the good, the bad, the unknown
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With tariff war, Trump also reshapes how US treats allies
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Penguin memes take flight after Trump tariffs remote island
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Tom Cruise pays tribute to Val Kilmer
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'Everyone worried' by Trump tariffs in France's champagne region
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UK avoids worst US tariffs post-Brexit, but no celebrations
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Canada imposing 25% tariff on some US auto imports
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Lesotho, Africa's 'kingdom in the sky' jolted by Trump
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Trump's trade math baffles economists
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Macron calls for suspension of investment in US until tariffs clarified
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Trump tariffs hammer global stocks, dollar and oil
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Mexico president welcomes being left off Trump's new tariffs list
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Lesotho hardest hit as new US tariffs rattle Africa
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Stellantis pausing some Canada, Mexico production over Trump auto tariffs
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Rising odds asteroid that briefly threatened Earth will hit Moon
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Is the Switch 2 worth the price? Reviews are mixed
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Countries eye trade talks as Trump tariff blitz roils markets
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US tariff and inflation fears rattle global markets
Stock markets were rattled Wednesday by worries about incoming US President Donald Trump slapping tariffs on imports and the fading prospects for interest rate cuts.
US stocks futures and European shares turned lower after CNN reported that Trump is considering declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods.
"Perhaps more than even during his last term of office, traders will need to pay close attention to everything coming from the new President," said David Morrison, senior market analyst at Trade Nation.
"And, just to prove a point, the dollar has soared while risk assets have tumbled on reports that Trump is 'mulling a national emergency declaration to allow for new tariff program'."
Wall Street stocks opened a smidgen lower after all three main indices ended in the red Tuesday, with the Nasdaq and S&P 500 each shedding more than one percent.
Trump's pledges to impose import tariffs, slash taxes and curb immigration when he returns to the White House later this month have also raised concerns they will rekindle inflation.
Data released Tuesday pointed to price pressures and a relatively robust US labour market, denting hopes of several more cuts to interest rates in the world's biggest economy.
Yields on US government debt rose further on Wednesday.
"The higher market rates are creating a headwind for a stock market many would describe at least as having a full valuation," said Briefing.com analyst Patrick O'Hare said.
Data released Wednesday showed the US private sector added fewer jobs than anticipated in December, payroll firm ADP said, with hiring and wage increases both cooling.
Meanwhile, first-time claims for jobless benefits dipped last week, while those for continuing claims rose.
Focus now turns to Friday's release of the key non-farm payrolls report, which will provide a fresh snapshot of the US economy.
The Fed has already lowered its outlook for rate cuts to two reductions this year, down from the four forecast in September before Trump's election victory.
"But speculation is brewing that this could be reduced to just one if price pressures persist," said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
In Europe, German industrial orders fell more than five percent in November, official data showed Wednesday, in the latest sign of headwinds facing the continent's largest economy.
On the corporate front, shares in British energy giant Shell slid 1.8 percent on a weak trading update ahead of its full year results, capping gains on London's benchmark FTSE 100 index.
Asian stock markets closed mostly down Wednesday.
- Key figures around 1430 GMT -
New York - Dow: DOWN less than 0.1 percent at 42,517.12 points
New York - S&P 500: DOWN less than 0.1 percent at 5,904.39
New York - Nasdaq Composite: DOWN 0.1 percent at 19,471.12
London - FTSE 100: DOWN 0.3 percent at 8,223.23
Paris - CAC 40: DOWN 0.8 percent at 7,428.55
Frankfurt - DAX: DOWN 0.2 percent at 20,299.58
Tokyo - Nikkei 225: DOWN 0.3 percent at 39,981.06 (close)
Hong Kong - Hang Seng Index: DOWN 0.9 percent at 19,279.84 (close)
Shanghai - Composite: FLAT at 3,230.17 (close)
Euro/dollar: DOWN at $1.0295 from $1.0342 on Tuesday
Pound/dollar: DOWN at $1.2333 from $1.2479
Dollar/yen: UP at 158.43 yen from 157.98 yen
Euro/pound: UP at 83.47 pence from 82.87 pence
Brent North Sea Crude: UP 0.2 percent at $77.18 per barrel
West Texas Intermediate: UP 0.2 percent at $74.43 per barrel
burs-rl/lth
Y.Jeong--CPN