LONDON—Bond markets suffered another sharp sell-off on Thursday as investors bet on aggressive global interest rate hikes, while the euro climbed after French President Emmanuel Macron bolstered his weekend re-election hopes in a heated TV debate.
MSCI’s world stocks index mustered only a modest move amid the prospect of higher global borrowing costs, but Paris stocks skipped nearly 2 percent higher after Wednesday evening’s clash between Macron and right rival Marine Le Pen.
Although Le Pen came across as more polished and composed than in a TV duel for the presidency in 2017, Macron needled her over her ties to Russia’s leadership, her plans for the economy, and her policy for the European Union.
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