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Monday, August 29, 2016

Global equities set 2-week low before Yellen speech, dollar dips...

Reuters
August 26, 2016
Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates.
The MSCI All-Country World index .MIWD00000PUS was down 0.1 percent by 1041 GMT, after slipping to its lowest level since Aug. 9 earlier in the session. The pan-European STOXX 600 index also fell 0.1 percent.
Investors were wary of Yellen hinting at a near-term interest rate hike, which could divert some of the liquidity that has underpinned riskier assets worldwide, though others predicted she would strike a more equivocal note.
The dollar index .DXY, which tracks the currency against six major peers, slipped 0.11 percent to 94.675, while euro zone government bond yields crept up.

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