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A gauge of global stocks fell slightly on Friday, trimming a first-half rally that’s defied rising interest rates and the risk of recessions in major economies. Bonds sold off across the curve, with two-year yields jumping 15 basis points to 4.86%. Swap markets now indicate a nearly 50% chance of a second Fed hike by year-end. The dollar rose. The S&P 500 posted a mild advance, with equities facing a lot of instability as traders adjusted their positions at the end of the quarter.
Summary for 30.06.2023
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