Bond yields resumed their rise on Thursday as investor bet on aggressive global interest rate hikes, while the euro climbed after a heated TV debate saw French President Emmanuel Macron bolster his weekend re-election hopes.
also jumped 1.2% as the yen hovered near its recent 20-year low. /FRX
"Prepare for a hard landing," he said, flagging the possibility of a Fed funds rate in the 4.5-5% range and euro zone rates at 2-2.5%. The streaming company's losses now stand at 62% this year, making it the worst performer in the entire S&P 500 on a year-to-date basis.
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