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Asian shares turn lower after strong day on Wall Street

October 4, 2018

Via: ABC News

European shares followed Asian markets lower Thursday after yields on U.S. Treasury bonds surged to multi-year highs as U.S. central bank officials expressed confidence in the staying power of the current expansion.

KEEPING SCORE: The DAX in Germany lost 0.3 percent to 12,247.20 while in France the CAC 40 sank 0.8 percent to 5,450.10. Britain’s FTSE 100 also tumbled 0.8 percent, to 7,448.91. The S&P future contact dropped 0.6 percent to 2,914.20 and the contract for the Dow lost 0.5 percent to 26,732.00, auguring a dismal start for Wall Street.

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