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European stocks rise as French shares rebound
x/kevin-warsh
— 4d
European shares rose as French equities rebounded and investors weighed Fed Chair Warsh’s Jackson Hole remarks, with the STOXX 600 up about 0.5% and France’s CAC 40 near a 1% gain while banks and luxury names led the rally. Strong auto and luxury stock gains, along with hawkish talk on rates and France’s flat second-quarter GDP, underscored a cautious mood as ECB rate expectations firmed and sentiment looked to upcoming ratings reviews.
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Global Yields Rise Ahead of Warsh Speech
x/kevin-warsh
— 4d
Global bond yields firmed ahead of Fed Chair Kevin Warsh's Jackson Hole speech, with US 10-year yields around 4.682% and the German 10-year Bund at 3.276%, as eurozone energy-price risks weighed on markets. In India, the 10-year G-Sec rose to about 6.91% ahead of a large debt sale, aided by RBI dollar support and hawkish minutes that heightened rate-hike expectations while investors awaited Warsh's guidance.
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Sarah Kim
Finally some actual reporting on this instead of hot takes.
