In the news:
- Summer travel forecast: Better, but no blowout6:15 AM ET | AP
- Polish jobless rate falls to 14 percent6:13 AM ET | AP
- Abe on 1st trip to Myanmar by Japan PM in 36 years6:13 AM ET | AP
- Academics back BP's fight to cap oil spill payouts6:10 AM ET | Reuters
- Three mainland Chinese charged in HK mercantile exchange probe6:07 AM ET | Reuters
- UTStarcom Reports Unaudited First Quarter 2013 Financial Results6:07 AM ET | PR
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[BRIEFING.COM] The major averages ended modestly lower with the S&P 500 shedding 0.3%.
The benchmark average saw an opening loss of 1.2% after Japan's Nikkei tumbled 7.3%. Japanese stocks sold off amid continued volatility in Japanese Government Bond futures as the 10-yr yield spiked almost 16 basis points to 1.002 before the Bank of Japan's JPY2 trillion liquidity injection caused yields to retrace their gains.
Adding insult to injury was news out of China where the HSBC ... More
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