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Financial Times

Risk-on mood sends Wall Street to fresh highs: A steady improvement in risk appetite propelled US stocks to record highs for the second day in a row as bulls took heart from an easing of Brexit concerns, a more confident view of the global economy and the prospect of continued central bank accommodation. US, German and UK government bond prices continued to retreat, the yen fell to its lowest level against the dollar for more than two weeks and gold was heading for its lowest close since the start of the month. Sterling approached the $1.33 level against the dollar for the first time since July 4. “The risk-on mode continues to make its comeback in global financial markets, as participants are coming implicitly to the conclusion that the entire Brexit affair will probably become manageable with limited spillover effects in the coming months,” said Anthony Karydakis, chief economic strategist at Miller Tabak.

The Guardian

Obama calls for peace at Dallas memorial service for five police officers: Barack Obama on Tuesday paid tribute to the five officers killed in Dallas last week, as he insisted that racial discrimination still existed in the US and protesters against police violence could not be dismissed as “troublemakers or paranoid”. Angry citizens, for their part, must acknowledge the dangers police face on the job, the president said at an interfaith memorial service for Michael Smith, Lorne Ahrens, Michael Krol, Patrick Zamarripa and Brent Thompson, the officers killed by Micah Johnson at a rally against police violence on Thursday night. Obama called for action to stop the conflict between police and protesters and black and white, admitting previous approaches, including his own, are failing.

New York Times

Clinton Gets Endorsement From Sanders, Unifying Party: After 14 months of policy clashes and moments of disdain, Senator Bernie Sanders endorsed Hillary Clinton for the Democratic presidential nomination on Tuesday, clearing away the last major obstacle to a united front for the party heading into its convention this month and the fall election. Yet for all the smiles and hugs between the former rivals here at their first joint rally, Mrs. Clinton’s next challenge was on vivid display as some Sanders supporters jeered her name and held signs saying “Won’t Vote Hillary” while Clinton partisans hissed “shhhh” and others chanted “unity.” In the coming weeks, from Mrs. Clinton’s choice of a running mate to her convention speech, campaign commercials and overtures to Republicans, the 13 million voters who backed Mr. Sanders in the primary contests will be watching her for any hint of wavering from their progressive causes.




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