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Global Markets: Italian stocks slide, dollar powers on to new 2018 high

Reuters  |  LONDON 

By Tommy WilkesLONDON (Reuters) - Italian stocks slid on Wednesday after reports that the two parties seeking to form Italy's next government might seek debt forgiveness, while the dollar ignored a pull-back in U.S. bond yields and rallied to a new 2018 high. Asian markets had earlier dipped after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, but that failed to rattle European stocks.Markets were also unfazed by Italian politics and the bigger focus was a rocketing dollar and rising U.S. borrowing costs, which have spooked investors in recent ...

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First Published: Wed, May 16 2018. 16:12 IST