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Market Update: European Stocks Head for Negative Start
European stock markets are set to follow Wall Street and Asian peers lower on Monday, as long-term bond yields tumbled following last week’s US Federal Reserve sudden hawkish turn. St. Louis Fed President James Bullard said late on Friday that the Fed might begin raising interest rates next year due to a quicker inflation, sooner than the central bank had projected at the end of its policy meeting on Wednesday. Elsewhere, the results from France’s regional elections showed President Emmanuel Macron and far-right leader Marine Le Pen’s parties lost ground to the benefit of the traditional center-right. [/s2If]
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