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Asian Markets Mostly Lower Amid Worries Over Policy Tightening
U.S. markets were closed Monday for the Presidents Day holiday. European stocks traded mixed in closing trade after earlier gains as U.S. markets were closed for a public holiday. The Stoxx Europe 600 and the FTSE 100 rose 0.1%, the DAX traded flat and the CAC 40 fell 0.16%. "Earlier gains for European indexes have been chipped away this afternoon, as concerns about interest rates and the ongoing Ukraine conflict sapped risk appetite," IG analyst Chris Beauchamp wrote. Previously, markets were cautiously optimistic that central banks could be nearing the end of their interest-rate rise cycles but stronger data has ... (full story)