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WEEKLY RATE INFORMATION
Market Index
¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council
¹ Excludes dividends
Sources: Yahoo! Finance, U.S. Dept of the Treasury, U.S. EIA, Barchart (SWAADY10.RT), Bloomberg, World Gold Council
US Stocks Waver as Fed Pivot Seems Less Likely: Markets Wrap

US stocks wavered as a rally that powered them to their best month since 2020 turned fragile with central bankers reiterating that higher interest rates are needed to bring inflation under control, despite rising recession risks.

The S&P 500 trimmed earlier losses and the Nasdaq 100 rose after opening lower. US Treasury yields steadied with the 10-year rate at 2.63%, well down from June’s peak near 3.50%. The dollar fell ahead of data which is expected to show a slowdown in US manufacturing for July. 

Oil drops as weak Chinese factory data heightens demand concerns

Aug 1 (Reuters) - Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week's meeting of officials from OPEC and other top crude producers on supply adjustments.

Brent crude futures were down $1.42, or 1.4%, at $102.55 a barrel by 1017 GMT. U.S. West Texas Intermediate crude was down $1.85, or 1.9%, at $96.77.

Fresh COVID-19 lockdowns snuffed out a brief recovery for factory activity in China, the world's largest crude oil importer. 

Ukraine war: First grain ship leaves under Russia deal

The first ship carrying grain has left a Ukrainian port under a landmark deal with Russia.

Turkish and Ukrainian officials say the ship left the southern port of Odesa early on Monday morning local time.

Russia has been blockading Ukrainian ports since February, but the two sides made a deal to resume shipments.

It is hoped the agreement will ease the global food crisis and lower the price of grain.

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