UPDATE 3-Euro zone bond yields fall as Ifo, U.S. consumer confidence dent growth outlook [Reuters]
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Source: Reuters
UPDATE 3-Euro zone bond yields fall as Ifo, U.S. consumer confidence dent growth outlook * Ifo business climate index rises in September * But expectations deteriorate * U.S. consumer confidence falls most in nine months * UK supreme court rules against Boris Johnson * Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr By Dhara Ranasinghe and Yoruk Bahceli LONDON, Sept 24 (Reuters) - Euro zone bond yields fell on Tuesday after a German sentiment survey and a fall in U.S. consumer confidence kept alive fears of economic recession on signs that service sector resilience is finally starting to crack. Germany’s Ifo sentiment survey showed business confidence improved in September but expectations for the outlook deteriorated as Europe’s largest economy teetered on the brink of recession. The data followed dismal readings from purchasing managers’ indexes which showed German private-sector activity shrinking in September for the first time in more than six years and growth in service
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