Stocks weaken in final session Earlier gains have drifted away as US Treasury yields strengthen. Yields rose to their highest levels in over two weeks as markets brace for the Federal Reserve's final meeting of the year. The 10-year yield climbed to 4.36%, while the 2-year yield increased to 4.21%, reflecting concerns over sticky inflation. On Wall Street, stocks opened higher, driven by strong AI-driven optimism, but then began to lose ground.
Broadcom surged over 16% following positive quarterly results and a confident outlook on AI opportunities” French stocks lead the way lower The CAC40, the poor performer of the past six months, continues to show signs of topping out. Macron may have found someone willing to take on the dubious honour of being prime minister, but few in the dealing rooms of the world think that the newly-appointed Bayrou has much chance of succeeding where Barnier failed, signalling more uncertainty ahead.
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