Wall Street’s recovery lost momentum overnight, with technology stocks leading declines. In company news, shares in Accenture and IBM fell after warnings of DOGE cost cuts. Meanwhile, US bond yields tumbled as the Federal Reserve highlighted growing economic risks. In Europe, markets also slipped after global central banks flagged rising economic uncertainty. Elsewhere, oil prices climbed more than $1 after the US announced new sanctions on Iran, while gold surged to a fresh record high on expectations of US rate cuts. Looking ahead, the Australian share market is expected to finish the week lower, despite Thursday’s rebound.

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