Stocks Break 10-Day Winning Streak
(Financial Times) — A more sober assessment of the benefits accruing to the global economy from China’s de-pegging of the renminbi and renewed concerns about the European banking system is breaking stocks’ 10-day winning streak. The FTSE All-World equity index is down 0.9 per cent, commodities are lower and the dollar is firmer as a more cautious mood envelopes investors. US equity futures suggest the S&P 500 will open lower by 0.4 per cent.
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