Markets Continue Their String of Weekly Losses

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High profile visits by the Pope and China’s President Xi Jinping didn’t do much for investor sentiment. U.S. stocks got a temporary lift after Fed Chair Janet Yellen asserted she expects a rate hike this year; still, equity markets around the globe finished down to continue a string of weekly losses. Gold prices rose whereas oil prices fell. The ten-year U.S. Treasury yield rose on the week to 2.17%.

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