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WORLD HEADLINES – Global tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index.
STOCKS – MSCI’s global tech index scored the milestone after Facebook, Apple, Amazon, Netflix and Google drove the technology-heavy Nasdaq to a new closing high in New York on Monday.
BONDS – Germany’s 10-year government bond, the benchmark for the bloc, saw its yield drop 1.5 bps to 0.40 percent, while the 10-year U.S. Treasury note yield stood near the 11-day high of 2.946 percent brushed overnight.
COMMODITIES – Industrial metals like copper, and zinc and aluminium were all 0.6-1.4 percent higher though safe-haven spot gold was little changed at $1,291.54 an ounce after posting three days of losses.
CURRENCIES – The dollar, the euro and yen largely cancelled each other out, but the dollar made 0.6 percent on Mexico’s peso after Mexico said it would impose a 20 percent tariff on U.S. pork imports in retaliation for U.S. levies on steel and aluminium.
ECONOMIC DATA – US ISM Non-Manufacturing PMI due at 10:00 ET.