GLOBAL MARKETS-Stocks dip, yields rise on rate hike expectations ...Middle East

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GLOBAL MARKETS-Stocks dip, yields rise on rate hike expectations
source : Devdiscourse ( Middle East ) () 59
A gauge of global stocks slipped on Wednesday after back-to-back gains as investors digested the latest earnings reports, while Treasury yields climbed as British inflation data hardened expectations of further interest rate rises by central banks. U.S. stocks were off their early lows on Wall Street with the S&P 500 slightly above the unchanged mark, although the tone was defensive with gains led by the utilities sector.

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