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US data deflates stocks rebound

U.S. President Donald Trump shouts answers to questions from reporters as he tours the roof of the West Wing of the White House on August 05, 2025 in Washington, DC.[AFP]

A stock market rebound lost traction on Tuesday after data showed inflation gathering steam in the US, complicating the picture for interest rate cuts.

Meanwhile oil prices retreated further after US President Donald Trump renewed his threat to raise tariffs on India over its purchases of Russian crude.

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