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Global Markets - Bonds buckle as ECB hawk talk counters comforting Fed

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - World shares hit their fourth all-time high in less than a month on Thursday but a rally in bonds was halted by fresh speculation that the European Central Bank will soon start winding down its 2 trillion euro money printing programme.For most of the day the mood had been one of relief that U.S. Federal Reserve Chair Janet Yellen had not sounded more hawkish in her appearance before Congress the previous day, a green light for risk-taking.Wall Street started steadily after another record peak for the Dow Jones Industrial Average while the dollar steadied just ...

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First Published: Thu, July 13 2017. 19:57 IST
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