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European stocks are expected to open lower on Tuesday as investors weigh rising government debt and tighter financial conditions. ECB President Christine Lagarde warned that bond yields are rising amid debt concerns.
Benchmark sovereign yields in the US, Germany and France hovered near multi-year highs while equity indexes rose across Asia and Europe. The dollar was set for a monthly gain, with crude and gold also firmer on the month.
Reuters Asia morning markets round-up for Sept. 30 showed global equities mostly lower, with major bond yields elevated and currencies mixed. Gold rose 1% after a recent low, while Brent crude fell.