City AM reports today that, based on data from MSCI, global stock markets saw their value slashed by $2 trillion in the month of May alone. Caused by escalating global trade spats, gloomy economic outlook, and the usual financial wobbles, stock indices around the world lost on average 0.8 per cent, US ones faring worse, the S&P 500 off 6.6 per cent (its worst monthly performance since 2011 and the worst May in decades).
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