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[Markets]
GLOBAL MARKETS-Shares slip, yields rise as U.S. data sparks rate hike concerns
Global stocks slid and Treasury yields rose on Monday as investors ignored an easing of China's pandemic restrictions that have weighed on global growth after fresh evidence of a strong U.S. economy raised fears interest rates will stay higher for longer. U.S. services industry activity unexpectedly picked up in November, with employment rebounding, in the latest sign of underlying economic momentum that likely will keep the Federal Reserve's monetary policy tight as it fights high inflation.
Published:12/5/2022 10:55:58 AM
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