Euro zone bond yields fall after business activity disappoints

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Reuters UK

By Yoruk Bahceli (Reuters) – Euro zone bond yields fell on Thursday after data showed business activity in the bloc slowed more than expected in June and Germany triggered the alarm stage of its emergency gas plan, adding to concerns over global growth. S&P Global’s flash composite purchasing managers’ index dropped to 51.9 in June from 54.8 in May, indicating significantly slower growth in activity. Economists polled by Reuters had expected a reading of 54.0. Bond yields had already dropped on equivalent data from the bloc’s leading economies – France and Germany – before the pan-euro zone fi…

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