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Global Markets React to Declines
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International stocks in New York closed lower, led by a significant 48.3% decline in Quoin Pharmaceuticals Ltd. alongside movements of other key stocks. Canada's TSX index decreased due to tech sector drag, with Shopify at a two-month low, while gold hit a record high. U.S. 10-year Treasury yields fell to a one-month low anticipating U.S. jobs data, with a focus on Powell's testimony and potential rate cuts.
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How does the fluctuation in Treasury yields reflect broader economic uncertainties?
How might the declines in international stocks impact global investor sentiment?
What implications could the potential rate cuts have on various sectors of the economy?
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