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Stock rally stalls but eurozone bond yields drop

A global stock market rally stalled on Thursday as euphoria over major central banks’ coordinated cut to borrowing costs wore off. But hopes that European leaders will deliver a long-term solution to the debt crisis next week helped push eurozone borrowing rates sharply lower. Stocks and bonds had jumped on Wednesday when central banks in… Continue Reading Stock rally stalls but eurozone bond yields drop

Euro falls to 5-week low against dollar

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The euro is falling against the dollar on worries that Europe’s debt crisis is spreading to other countries. Borrowing costs in Italy, Spain and France have risen this week. Higher borrowing costs are a sign that investors are worried that those countries may have trouble paying their debts. On Wednesday, the yield on Italy’s 10-year… Continue Reading Euro falls to 5-week low against dollar

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