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It was good news that people saw as bad. Robust job additions in the US drove equity investors to sell stocks, on fears of an early rate hike. Shares of online market place eBay gained ahead of its Paypal split-up, on acquiring a mobile payments company. But worries over global slowdown in the mining sector weighed on heavy equipment provider Caterpillar.
US Treasury yields soared but Euro Zone bond yields were under pressure after Mario Draghi’s comments on ECB’s easing measures.
Euro weakened while the dollar was strong against the rupee.
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