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Global stocks mixed as markets monitor US bond yields, Mideast conflict

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Global stocks were mixed Monday as markets monitored US Treasury yields and ongoing conflict in the Middle East, while awaiting key earnings and economic data later in the week.

US indices opened the day firmly lower after the yield on the 10-year US Treasury note topped five percent for the first time in 16 years.

"US government bonds are the critical benchmark reference point against which virtually all other global assets are ultimately priced off," he added. Markets are also keeping an eye on rising carnage in the Middle East where Israel has launched a bombing campaign following the October 7 Hamas attack on the country.

The amount of electronic fund transfers via PESONet and InstaPay jumped by over 30 percent to P9.24 trillion from January... Global shares hit seven-month lows yesterday as the risk of a wider conflict in the Middle East and the prospect of a long...

Source: News Formal (newsformal.com)

 

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