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Treasuries led a rebound in global bonds on Thursday, while U.S. equity futures edged lower and European stocks fluctuated as a cautious mood gripped markets before the long holiday weekend.
The yield on 10-year Treasuries slipped the most in a week, while the euro dropped and European bonds gained after German and euro-area factory numbers disappointed. The Stoxx Europe 600 Index swung into the green, however, as technology and carmaker shares led a recovery. Contracts for the main three U.S. equity benchmarks all pointed to a weak open. Stock declines were heavier in Asia, particularly in South Korea, as issues with a new Samsung Electronics Co. phone weighed on the biggest stock in the main index.
Equity investors appear to be in a cautious mood as they head into the Easter weekend, with many major markets -- including those in the U.S. -- set to close on Friday, and exchanges across Europe also shuttered on Monday. Solid economic data out of China, optimistic signals from the trade talks and a decent start to the earnings season have not been enough to spur risk appetite, particularly after policy concerns sank American healthcare stocks on Wednesday.
Elsewhere, West Texas oil futures nudged higher while emerging-market stocks headed for their biggest decline in a week.
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--With assistance from Adam Haigh and Cormac Mullen.
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