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Oil prices dropped 3.9% to $US87.05 a barrel, easing bond market worries and lifting global stocks. The S&P 500 inched 0.2% closer to its all-time high, while ASX futures point to a 29-point gain (0.3%) at the open. Canada added fuel to the trade-war fire by slapping tariffs on 700+ US products, reminding markets that protectionism is alive and well.
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