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Rocking the boat in a storm

As global headwinds mount and leadership wavers, Indonesia's push to scrap its 3 percent deficit cap risks trading hard-won market credibility for reckless spending.

Stocks mostly fall as oil prices and bond yields rise

Stock markets mostly fell and oil prices climbed on Thursday as US Treasury bond yields hit multi-year highs, driven partly by a lack of progress in ending the Middle East war.

  • US bond yields hit multi-year highs
  • Oil prices surge, impacting markets
  • Fed likely to raise rates in October

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