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Global stocks fall amid Treasury yields
Global stocks declined led by Wall Street, as U.S. indices fell following rising yields on American Treasury bonds, which heightened fears of inflation and increasing debt levels. European, Gulf, and Asian markets were also affected, with declines in banking and technology stocks. Oil prices surged sharply due to supply risks and geopolitical tensions, driving up bond yields and increasing inflation risks owing to higher energy costs and sovereign debt. Despite expectations of strong third-quarter earnings, markets remain cautious amid rising financial pressures and volatility in global markets.
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