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Shares of U.S.-traded European banks are trading lower as investors assess the outlook for ECB and BoE rate hikes amid heightened pressures from energy price spikes in crude, natural gas and electricity.
Gold prices surge over 9% in August on reduced pressure for US rate hikes
() -- European bourses tracked moderately lower midday Tuesday, as the international downdraft on tech stocks blew across Europe. Food and property stocks led gains on continental trading floors, while oil shares also lagged. Semiconductor shares globally are under pressure despite South Korea's industry bellwether Sam