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Stocks mixed as technology weighs; Treasuries drop

Bloomberg U.S. stocks fluctuated, while Treasuries fell as investors turned attention to the latest Nafta talks. The dollar edged lower. The S&P 500 Index was mixed as technology firms weighed on benchmarks, led by semiconductor maker Advanced Micro Devices Inc., while banks paced gains as the 10-year Treasury yield advanced above 3.07 percent. The dollar fell against most peers and ...

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Japan’s Topix caps biggest four-day gain since 2016

Bloomberg Japan’s Topix index completed its biggest advance over a four-day period since November 2016 while the yen remained near a two-month low against the dollar as investors brushed off concerns of a trade war between the US and China. Electronics and machinery shares were the biggest boosts to the benchmark as China’s Ministry of Finance said Beijing is still ...

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Bank profits won’t resume pre-crisis levels, says ECB

Bloomberg Euro-area banks probably won’t restore their profits to the peaks seen before the 2008 financial crisis, according to the European Central Bank. The squeeze on profits has resulted from factors including tougher capital requirements put in place since the crisis and banks’ shying away from riskier businesses, the ECB said. Still, firms need to earn an “appropriate return” on ...

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