The Greenback Firms to Start the New Week, Stocks Slide

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The busy week is off to a slow start as Japan is on holiday and the UK and Canadian markets are closed to honor Queen (Australia will commemorate with a holiday on Thursday). Nevertheless, the sell-off in equities continues and the US dollar is firm. Most of the large markets in Asia fell. India is a notable exception. Its benchmark rose for the first time in four sessions, helped by bank shares and Infosys. Europe’s Stoxx 600 is off for the fifth consecutive session, and US futures are trading broadly lower. European benchmark yields are mostly 3-6 bp higher. US Treasuries have not trade in cash market, while the … (full story)

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