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Market Impact: 0.6
European Markets Retreat On Oil Rally, Rate Hike Bets
Source: Nasdaq
Geopolitics & WarEnergy Markets & PricesInterest Rates & YieldsMonetary PolicyInvestor Sentiment & Positioning
European stocks closed lower Thursday as elevated oil prices and rising bond yields weighed on risk appetite. The moves reflected stalled diplomatic progress on Middle East tensions and increased expectations that the Federal Reserve could deliver another rate hike this year, potentially as soon as October.
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