U.S. stocks climb as yields fall to two-week low; copper tumbles

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Manufacturing growth is slowing worldwide partly because China's COVID-19 curbs and Russia's invasion of Ukraine have disrupted supply chains and added to inflation problems.

Copper prices slumped as rising interest rates and weak economic data fed worries about demand.

In the foreign exchange market, the euro slid across the board following the weaker-than-expected German and French PMI data.

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Article Details

Category: InvestingFinance

Topics: Recession Points Dropped Euro Yields Copper Inflation Fell Stocks Investors Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 22:36:07

News Timezone: GMT +8:00

News Source URL: theedgemarkets.com

Language: English

Reading Time: 4 minutes read

Article Length: 546 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6533

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About The Edge Markets

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

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Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8h ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #17

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