Treasuries and dollar react to today's news

Stake sales

GDF Suez SA slid 2.6 percent after France said it will sell as much as 1.79 billion euros ($2.44 billion) of shares in the nation’s largest natural-gas distributor. Banco Comercial Portugues SA jumped 15 percent after the country’s second- biggest publicly traded lender said it plans a 2.25-billion euro capital increase.

The MSCI Emerging Markets Index slid 0.4 percent. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong fell 0.7 percent to a one-month low and the Shanghai Composite Index slipped 0.4 percent. Stocks fell on concern the first new share listings in four months tomorrow will divert funds.

Russia’s Micex Index slid 2.2 percent.

German Chancellor Angela Merkel said further sanctions against Russia could be “put back on the agenda” if more progress isn’t made to end the Ukrainian conflict as the U.S. government also readied more penalties.

Ukraine crisis

Ukraine will end its weeklong truce early if separatists continue to attack government forces during a cease-fire supported by both Russian President Vladimir Putin and rebel leaders, Poroshenko said on his website late yesterday.

The rupiah fell 0.8 percent against the dollar after Bank Indonesia said it will allow weakness in the currency to help exports.

Dubai’s General Index rebounded today after tumbling 13 percent in the previous three days. Dubai’s gauge entered a bear market June 23 after stocks declined 20 percent from a peak in May. Shares had soared more than 250 percent since June 2012, led by property and construction companies.

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