Traders work on the floor of the Moscow Exchange June 3, 2014. REUTERS/Sergei Karpukhin
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Stock markets around the world weakened Thursday as tighter Western sanctions against Russia raised the specter of greater geopolitical tensions ahead, while weak U.S. data gave investors further pause.The new U.S. sanctions announced late Wednesday effectively shut off longer-term dollar funding for companies close to President Vladimir Putin. European Union leaders agreed to target Russian firms that help destabilize Ukraine, and to block new loans to Russia through two development banks. The U.S. 10-year Treasury note rose 8/32 in price, yielding 2.5088 percent.Gold rose 0.4 percent, though it remained near a four-week low as investors weighed the possibility U.S. interest rates would rise sooner than expected.
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