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Stocks in Europe rally along with US futures; bonds fall

Bloomberg Stocks in Europe rallied along with US futures after Bloomberg reported that the European Union is considering joint bond sales to help counter the fallout from Russia’s invasion of Ukraine. Bonds dropped and the euro strengthened. The Stoxx Europe 600 index reversed an early decline to climb more than 1%, set for its first advance in four days as ...

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LME halts its trading in nickel after 250% spike

  Bloomberg The London Metal Exchange (LME) suspended trading in its nickel market after an unprecedented price spike left brokers struggling to pay margin calls against unprofitable short positions, in a massive squeeze that has embroiled the largest nickel producer as well as a major Chinese bank. Nickel, used in stainless steel and electric-vehicle batteries, surged as much as 250% ...

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Chinese stocks in US drop to lowest in five years

  Bloomberg Shares of Chinese companies listed in the US tumbled, extending a selloff that pushed them to their lowest level since 2016. The Nasdaq Golden Dragon China Index sank 4.8% amid concerns over higher inflation, risks from the Russia-Ukraine war and rising Covid-19 cases in China and Hong Kong. The selloff is also coming during the National People’s Congress ...

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