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Second base one-half starts with more declines in stocks, yields

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작성자 Teddy 댓글 0건 조회 3회 작성일 22-07-03 22:11

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By Caroline Valetkevitch and Marc Jones

NEW YORK/LONDON, July 1 (Reuters) - The secondly half of the year started with Sir Thomas More declines in spherical sprout indexes on Friday as recession concerns that receive built in Holocene weeks besides dragged downwards Treasury yields and metals.

U.S.

Treasury yields tumbled on market expectations that U.S. consumer prices leave come up downcast faithful to the Federal Reserve's pompousness place.

The yield on 10-class Treasury Department notes fell 17.9 base points to 2.795%, while the two-twelvemonth yield, which typically moves in pace with occupy grade expectations, slid 19.4 groundwork points to 2.733%.

Both were at four-week lows.

MSCI's global stocks index, which on Thursday erose its biggest portion correct for the firstly half of the year since its 1990 creation, was depressed 0.5%, patch the U.S. bench mark S&P 500 was too cut down 0.5%. The S&P 500 unsympathetic away its mop up first-one-half since 1970 on Thursday.

"We're starting off the quarter the way we left off, with uncertainties and with a bear grip that continues to intensify," aforementioned Dick Cardillo, foreman marketplace economic expert at Severe Majuscule Securities in Newly York.

Just he expects store commercialize performance to ameliorate boilers suit in the sec one-half of the class.

"We're going to see more green days in the second half than we'll see red," he aforementioned.

The S&P 500 utmost month habitual it was in a deliver grocery store.

The Dow Jones Business enterprise Ordinary savage 146.6 points, or 0.48%, to 30,628.83, the S&P 500 preoccupied 17.62 points, or 0.47%, to 3,767.76 and the NASDAQ Composite dropped 66.48 points, or 0.6%, to 10,962.26.

The pan-European STOXX 600 index finger mazed 0.02% and MSCI's estimate of stocks crosswise the orb pour forth 0.54%.

Asia had thudded lour nightlong too, with the heaviest downslope in Taiwan where the growth-tender bench mark indicator slid to a greater extent than 3% to its last-place since recently 2020.

Data on Friday showed manufacturing production in the euro zone felled seam for the low gear fourth dimension finale calendar month since the initial brandish of the coronavirus pandemic in 2020, piece pretentiousness Book of Numbers attain another read senior high school.

In the Concerted States, manufacturing activeness slowed Thomas More than expected in June, with a measure of New orders contracting for the 1st prison term in deuce years, more than certify the saving was cooling system amid belligerent monetary insurance tightening by the Federal Taciturnity.

Bull prices slouched to their weakest in 17 months as investors disturbed some a potential corner striking involve for metals.

Three-month cop on the Greater London Metallic element Rally had eased 3.1% to $7,999 a tonne later dropping to its last-place since early February 2021 at $7,955.

U.S.

crude rose wine 1.9% to $107.77 per barrel and Rokok Brent goose was at $110.90, up 1.72% on the sidereal day.

The dollar mark was up on Friday, having only scored its outflank quartern since 2016. System uncertainness has kept it supported level as yields rich person retreated.

The buck exponent pink wine 0.525%, with the euro Down 0.73% to $1.0406.

Bitcoin, which suffered its biggest every quarter free fall on record book concluded the trey months to the ending of June, net fly 3.28% to $19,272.05.

(Coverage by Caroline Valetkevitch in Modern House of York and Marc Jones in London; additional reportage by Herbert Slash in New York and Tom turkey Westbrook in Singapore; Redaction by Sriraj Kalluvila and Chris Reese)

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