When the facts change I change my mind, what do you do sir
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U.S. Stocks Erase Gains on Sanctions While Bonds Climb
U.S. stocks erased gains and European stocks pared an advance as the European Union agreed on new sanctions against Russia. Bonds increased before a Federal Reserve policy decision. The Standard & Poor’s 500 Index fell 0.1 percent at 11:30 a.m. in New York, after earlier climbing 0.3 percent. The Stoxx Europe 600 Index rose 0.3 percent, trimming an earlier rally of as much as 0.6 percent. The yield on 10-year Treasuries declined 1 basis point to 2.47 percent. Germany’s 10-year yield fell 3 basis points to an unprecedented 1.117 percent, and rates from Finland to Italy also dropped to records. The ruble ... (full story)
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