European shares rebound after two-day slide, autos lead

European shares rebound after two-day slide, autos lead

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SINGAPORE, July 1 (Reuters) - Malaysias ringgit gained more than 1 percent on Friday as global risk appetite improved and the government bond prices rose on expectations of an interest rate cut. The ringgit jumped 1.2 percent to 3.9820 per dollar, its strongest since June 24 when Britains vote a day before to leave the European Union jolted global financial markets. Malaysias government bond prices rose with the 5-year yield down to 3.344 percent from Thursdays 3.386 percent. (Reporting by Jongwoo Cheon; Editing by Shri Navaratnam) View comments
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