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...Tech was the worst performer, down 1.2 per cent. The Nasdaq Composite fell 0.7 per cent, with six of the Magnificent Seven tech stocks down on the day....
...London’s FTSE 100 dropped 1.7 per cent after UK inflation hit 4 per cent last month. Sterling rallied 0.4 per cent against the dollar to $1.2688....
...Prices for German government debt rose, pushing the yield on benchmark 10-year Bunds down 0.03 percentage points to 1.98 per cent, the first sub 2 per cent reading since January 2022....
...It compared with a peak of 7.1 per cent in June 2022 after Russia began its full-scale invasion of Ukraine. The “supercore” rate, which strips out changes in housing prices, rose 0.6 per cent....
...Its all-in sustaining cost for the first half was $1,287 (£1,025.03) an oz, flat compared with the year before. Guidance for the full year has been tightened to $1,325-$1,350 an oz from just $1,350....
...Europe’s region-wide Stoxx Europe 600 fell 0.7 per cent at the opening bell, following two successive days of losses, while France’s Cac 40 lost 0.8 per cent and Germany’s Dax slipped 0.7 per cent....
...5.03 per cent....
...The benchmark 10-year Treasury yield was up 0.03 percentage points at 4.39 per cent. Bond yields move inversely to their prices....
...Among individual stock moves on Wall Street, Apple fell 1.7 per cent after the tech group unveiled its latest line of iPhones in a presentation featuring its new products....
...Tech stocks led the gains, with the Stoxx 600 Technology index rising 1.7 per cent. Markets in the UK were closed for a public holiday....
...The yield on interest rate-sensitive two-year US Treasuries fell 0.03 percentage points to 4.98 per cent. Bond yields fall when prices rise....
...The yield on the policy-sensitive two-year Treasury dipped 0.03 percentage points to 4.86 per cent. Yields fall when prices rise....
...Hong Kong’s Hang Seng index added 1 per cent, China’s CSI 300 rose 0.7 per cent and South Korea’s Kospi climbed 1.7 per cent. Japan’s Topix fell 0.3 per cent, however....
...The Australian dollar fell 1.7 per cent against the US dollar to trade at $0.66, its lowest level in more than a month....
...Wall Street’s benchmark S&P 500 fell 0.7 per cent, with the tech and consumer discretionary sectors the worst performers. The tech-focused Nasdaq Composite declined 1.1 per cent....
...Chancellor Jeremy Hunt in March tasked NS&I with raising £7.5bn in the 2023-24 financial year, up £1.4bn from the previous year....
...Two-year gilt yields hit 5.1 per cent in early trade, their highest level since 2008, before easing to 5.03 per cent....
...Meanwhile, oil prices retreated, with international marker Brent crude falling 1.3 per cent to $75.96 per barrel, and US benchmark West Texas Intermediate settling down 1.7 per cent to $71.29 a barrel....
...The S&P 500 closed 0.7 per cent higher, while the KBW index of bank stocks added 3 per cent....
...The benchmark S&P 500 closed 0.1 per cent lower on Friday, but gained 1.7 per cent in the week....
...Having briefly risen to $1.2838, up 0.4 per cent against the dollar, the currency traded down 0.25 per cent to $1.2735....
...In government debt markets, the yield on the 10-year US Treasury note was flat at 3.7 per cent, while the shorter-dated two-year yield slipped 0.03 percentage points lower to 4.48 per cent — reflecting an...
...The yield on the benchmark 10-year note rose 0.03 percentage points to 3.58 per cent. Bond yields rise when prices fall....
...The KBW Nasdaq Bank index gained 1.7 per cent....
...The moves came after Germany’s Zew indicator — a gauge of economic sentiment for the eurozone’s largest economy — plummeted from 4.1 to minus 10.7 in the month to May, its lowest level this year....
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