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Market Turmoil Continues, Risk Shunned
Investors still have not found solid footing this year. Equity markets have continued to sink, even though China's equities advanced. Bond markets are mostly firmer, with the US 10-year yield seemingly being drawn back toward 2.0%. Oil prices are little changed, after Brent slipped to marginal new lows. There is much talk about the Iranian sanctions being lifted as early as Monday. The US dollar itself is mixed. The yuan weakened about 0.25%. The renewed pressure so new widening of the onshore and offshore yuan. The euro is the strongest of the majors, rising to almost $1.0940 in the European morning. It is poised to ... (full story)