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Risk Appetites Join Tokyo on Vacation
Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid. Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week's gains. The Dow Jones Stoxx 600 is off around 2.7% near midday in Europe. It is the third down session and looks to be the biggest loss in tat lest three months. US shares are also trading around 2% lower. Bond markets are bid, except the periphery of Europe, and the US 10-year yields are about 66 bp. The dollar is strengthening against most of the world's currencies. Among the ... (full story)