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Stock impact report

Stocks struggle on US rates, tech rally fears [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
Global stock markets struggled for momentum Friday as doubts built over whether the US Federal Reserve would cut interest rates next month and amid persistent fears of a tech bubble. Oil prices rallied meanwhile as analysts cited risks to Russian oil flows due to Ukrainian strikes and US sanctions. On Wall Street, major US indices mostly pulled back, although the tech-heavy Nasdaq edged up after heavy selling on Thursday. Major European and Asian indices finished in the red, with London losing 1.1 percent after UK government bonds and the pound slid following reports that finance minister Rachel Reeves had scrapped plans to raise income taxes in her budget speech this month. Analysts said the reports heightened concerns about UK public finances. Paris and Frankfurt also slipped in the wake of stock losses in Tokyo, Hong Kong and Shanghai. "After an extraordinary run that began in April, the tech sector has finally started to wobble, with valuations looking overstretched i Show less Read more
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