- STOCKS: S&P 500 and Nasdaq rise after favorable antitrust ruling for Alphabet. Nasdaq outperforms but Dow, Russell 2000 slip.
- SHARES/SECTORS: Alphabet surges 9%, ConocoPhillips -4.4%. Communications sector +3.8%, biggest rise since April; energy -2.3%.
- FX: Dollar falls broadly. Biggest decline is a 0.5% slide against Hungary’s forint; in G10 FX space, greenback falls 0.4% against sterling and Aussie dollar.
- BONDS: European debt remains under pressure but Treasuries rebound. U.S. yields fall as much as 7 bps, curve bull flattens.
- COMMODITIES: A new high for gold at $3,578/oz. Oil falls 2.5%, biggest fall in a month, as OPEC mulls output hike.
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