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Global stocks fell as renewed selling in crude that took oil to a one-month low sank energy shares, while the Department of Justice’s proposal to settle crisis-era claims against Deutsche Bank AG rattled the financial sector. The dollar advanced to its highest since July. The S&P 500 pared a weekly gain as lenders and energy producers slid more than 0.8 percent. The Stoxx Europe 600 Index capped its worst week since June, with Deutsche Bank plunging 8.5 percent after saying the DOJ is seeking $14 billion to settle claims of mortgage-backed securities sold during the housing boom. Russia’s ruble and bonds ... Continue Reading

This material is for information purposes only. The opinions expressed herein are those of the author and do not necessarily represent the views of McAlvany Wealth Management, LLLP and are subject to change based on market or other conditions without notice. This information should not be construed as investment advice or a recommendation to buy or sell any security or investment product.

 

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Global stocks fell as renewed selling in crude that took oil to a one-month low sank energy shares, while the ...
Rosengren hawkish comments send yields higher with dollar
 

 

 

 

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