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Global stocks drop; bonds, euro rise in bid for safety amid cloudy outlook

US stock prices fell while bond prices and the euro firmed on Thursday as investors pared exposure to risk and headed for safety amid a cloudy outlook for the pace of economic recovery

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Global stocks | US Dollar | Euro

Reuters  |  NEW YORK 

By Alwyn Scott NEW YORK (Reuters) -U.S. stock prices fell while bond prices and the euro firmed on Thursday as investors pared exposure to risk and headed for safety amid a cloudy outlook for the pace of economic recovery. But stocks came off of their early declines even as worries about Beijing's crackdown on foreign-listed Chinese firms also took a toll on equities. Bond prices, meanwhile, rose strongly, sending interest rates down to 1.2496% on the 10-year U.S. Treasury note during the session. But bonds gave back some of the gains later. Investors are beginning to ...

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First Published: Fri, July 09 2021. 08:02 IST
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