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Stock impact report

GLOBAL MARKETS-Shares rebound, yields stay high as services data sends mixed signals [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
NEW YORK/LONDON, April 3 (Reuters) - Global stocks rebounded but bond yields rose on Wednesday after data showed U.S. services industry growth eased further in March, suggesting the economy and inflation are slowing and that the Federal Reserve may be able to cut interest rates soon. The U.S. central bank had been expected to start easing rates as early as June, but robust economic data boosted Treasury yields this week to multi-month highs and jolted the expected timetable. A measure of prices paid by businesses for inputs dropped to a four-year low, the Institute for Supply Management (ISM) survey showed, boding well for the inflation outlook. MSCI's gauge of global stock performance rebounded, rising 0.19%. But bond yields remained higher, with the benchmark 10-year Treasury note yield up 1.6 basis points at 4.381% after hitting a fresh four-month high. The Treasury market viewed the data as showing a still-strong economy and sticky inflation. Survey data such as ISM's h Show less Read more
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