Stocks are rising before Fed meets as rate cuts are front and center; Hong Kong shelves its extradition bill, helping sentiment
Monday, 17 June 2019 **
· *Stocks rose on Monday after Hong Kong's chief executive suspended a controversial extradition bill over the weekend.*
· *Investors also bet the Federal Reserve would signal its intention to cut interest rates in the coming months when it meets later this week.*
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Tens of thousands of people took to the streets in Hong Kong on Sunday dressed in black to demand the city's embattled leader steps down, a day after she suspended an extradition bill in a dramatic retreat following the most violent protests in decades. Francesca Lynagh reports.
HONG KONG (AP) — Hong Kong leader Carrie Lam says the effort to amend an extradition bill is dead but it wasn’t clear if the legislation was being withdrawn... Seattle Times Also reported by •NPR •Christian Science Monitor