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Apple's slide takes shine off global stock rally

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - Global equity markets edged lower on Wednesday, pulled down over concerns about the launch of Apple's new iPhone X, while the dollar rose after a report showed U.S. producer prices rebounded in August, suggesting a strong economy.The yield on European and U.S. government debt rose, with the benchmark 10-year U.S. Treasury hitting a 2-1/2 week high.Oil prices rose after the International Energy Agency (IEA) said a global surplus was starting to shrink, even as U.S. data showed another surge in crude inventories due to the ongoing impact from Hurricane Harvey ...

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First Published: Thu, September 14 2017. 00:58 IST