World stocks stall as U.S. midterms too close to call

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Reuters UK

By Nell Mackenzie and Dhara Ranasinghe LONDON (Reuters) – World stocks stalled below recent seven-week highs on Wednesday, while the dollar rose as investors awaited the results of the closely watched U.S. midterm election. Bitcoin, the biggest cryptocurrency by market value, fell as much as 5%, a day after sliding 11%. European stock markets and U.S. futures were lower,. Meta Platforms Inc said on Wednesday the Facebook parent would let go of 13% of its workforce, more than 11,000 employees, in one of the biggest layoffs this year. Asian shares edged up as the U.S. midterm election results ro…

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