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Financial Times - Global stock markets tumble
Summary of the front page
Investors sold stocks and bonds across the world yesterday as US borrowing costs touched a 16-year high, the Financial Times reports. The paper says it comes after strong private sector jobs figures intensified expectations of further rate rises by the US federal reserve.
The paper quotes a bond fund manager saying “the global economy will break eventually, and the higher the rates go, the bigger the cracks will be”.
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