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Global stocks slip amid rate outlook
The article discussed the decline of global stocks at the start of July, amid investors awaiting statements from the Federal Reserve Chairman regarding potential interest rate hikes. This anticipation led to a decrease in the S&P 500 and Nasdaq 100 indices by 0.3% and 0.6%, respectively. Additionally, the US dollar reached its highest level since March, and the yields on 10-year Treasury bonds rose to 4.49%. Meanwhile, gold benefited from the rise, though Bitcoin's price experienced a slight dip. Markets are now assessing the likelihood of rate increases and analyzing their potential impact on the global economy and equities.
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