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    By James Saft. Many things about China stocks are funny, but probably not right now to investors in Hanergy Thin Film Power Group, Goldin Financial Holdings or Goldin Properties Holdings. The three Hong Kong-listed shares, which had all increased in price several-fold in recent months, tumbled over the past two trading days in spectacular fashion.

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    Hanergy Thin Film Power Group (HNGSF) is getting dropped as a component of the Guggenheim Solar ETF (TAN), a Guggenheim Partners spokesman told MarketWatch on Thursday. The move comes one day after, leading the ETF to close down 7.8% on Wednesday. The ETF's index provider, MacSolar, "will drop Hanergy from its index, effective on the close of the date Hanergy resumes trading," Guggenheim spokesman Ivy McLemore said in an email.

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    (Adds Wall Street's record close, late prices and quotes) * Wall Street's S&P 500 index at record high * Dollar ends three days of gains * Oil jumps, Brent tops $66 * Coming Up: Fed Chair Yellen to speak on Friday By Michael Connor NEW YORK, May 21 (Reuters) - Global equity markets rose on Thursday, with Wall Street's S&P 500 index closing at a record high as investors bet that U.S. interest rates won't rise soon, while oil jumped more than 2 percent on the view that a global glut may be starting to ease. Brent crude topped $66 a barrel. The dollar slipped and U.S. Treasury yields declined. Trading was muted in many North American markets a day ahead of a speech by Federal Reserve Chair Janet Yellen, who investors watch for indications of how soon the Fed will raise U.S. interest rates from near zero. Fed officials believe it would be premature to start rate hikes next month, even though most feel the U.S. economy is rebounding from a dismal start to the year, according to minutes from their April policy meeting. Wall Street's S&P 500 gained 4.97 points, or 0.23 percent, to end at 2,130.82 points, barely beating its previous record close of 2,129.2 from Monday. The Dow Jones industrial average was essentially flat, ending up 0.34 points at 18,285.74. The Nasdaq Composite rose 19.05 points, or 0.38 percent, to 5,090.79, just short of its record close of 5,092.08 from April 24. Equity investors mostly shrugged off weaker-than-expected U.S. manufacturing and other data, including a rise in weekly claims for state unemployment benefits reported by the U.S. Labor Department. U.S. Treasuries yields declined on the disappointing data, which revived worries among bond investors about the economy and whether the Fed would raise interest rates later this year. Yields on the 30-year bond fell below 3 percent, while benchmark 10-year Treasuries were up 16/32 in price with a yield of 2.193 percent, down six basis points from Wednesday's close. "There were fears about a sharp spring recovery, but the data haven't rebounded smartly," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey. The dollar index was down 0.14 percent, as the euro rose against the dollar. The euro last traded at $1.1112, a gain of 0.20 percent. Sterling was ahead 0.80 percent against the dollar to $1.5660. European share indexes closed mostly ahead, recovering from session lows after data pointed to contrasting fortunes in major euro zone economies. German private-sector growth slowed again in May, and France extended its timid recovery. The pan-European FTSEurofirst 300 index ended up 0.4 percent after having traded as much as 0.4 percent lower. France's CAC was up 0.3 percent. Euro zone leaders were meeting in Latvia, with Greek premier Alexis Tsipras seeking an outline of a cash-for-reforms deal to stave off a default. But German Finance Minister Wolfgang Schaeuble told Reuters the Greek government's optimism about clinching a deal in the coming days was not justified. Oil rose for a second day, with gains supported by fighting in Iraq and the decline in the value of the dollar. U.S. crude settled up $1.74, or nearly 3 percent, at $60.72 a barrel. Brent, the more widely used benchmark, settled at $66.54, up $1.51, or 2.3 percent. (Additional Reporting by Richard Leong and Karen Brettell in New York; Editing by Meredith Mazzilli and Bernadette Baum)

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    * Canadian dollar at C$1.2208 or 81.91 U.S. cents * Bond prices mostly higher across the maturity curve OTTAWA, May 21 - The Canadian dollar was little changed against the greenback on Thursday, as a rebound in the price of oil was not enough to spur investors awaiting domestic inflation and retail sales figures due on Friday.

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    Hootsuite, a provider of software to manage social media on a global scale and one of Canada's most valuable tech startups, hinted on Thursday it may move up its timeline on a initial public offering in light of the success of fellow Canadian startup Shopify.

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    By Myra P. Saefong, MarketWatch, Eric Yep. Natural-gas futures up over 1% with supply up less than expected. Oil futures climbed on Thursday, with the U.S. benchmark scoring its biggest rally in a month as disappointing manufacturing data from China and the eurozone boosted prospects for economic stimulus measures, which could help increase energy demand.

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    * Dollar weaker on worsening manufacturing, housing data. * Some earlier dollar losses pared on positive labor data. * Investors wary about dollar bets after volatile selloff. * Euro gains as data signals nascent recovery. By Karen Brettell.

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    Many market watchers have warned this year about a highflying Chinese solar stock--Hanergy Thin Film Power Group--and its leading role in popular ways to bet on solar stocks like one Guggenheim ETF. On Wednesday, Hanergy's aerial routine ended with a crash, as one Wall Street Journal headline put it. And the Hong Kong-listed stock's dive after a meteoric rise was helping to take down the Guggenheim Solar ETF.

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    European stocks finished modestly higher Thursday, recovering from losses that followed mixed manufacturing reports from the eurozone, including a figures pointing to slowing output growth in Germany, Europe's largest economy. The Stoxx 600 moved up 0.4% to 407.87, as all sectors shifted into the green. Still outperforming the pan-European benchmark was Booker Group PLC, with shares jumping 11.8% after the food wholesaler said it would return a further 62 million pounds to...

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    U.K. stocks clung to thin gains Thursday, with miners outperforming the benchmark FTSE 100 after the release of Chinese manufacturing data. Meanwhile, the British pound jumped following a strong monthly reading for British retail sales. Sterling: The pound leapt to $1.5673 from $1.5537 late Wednesday, after U.K. retail sales rose by a stronger- than-anticipated pace in April.

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    T-Mobile shares are up 3.10% to $36.30 in morning trading on Thursday after the CEO of Deutsche Telekom's, which holds a 66% stake in the company, said that it would consider merging with any partner that could improve the company's profitability.CEO Tim Hoettges made the comments today at the company's annual shareholders meeting in Cologne, German, perpetuating the global consolidation of the...

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    RIO DE JANEIRO, May 21 (Reuters) - The Brazilian real led losses among Latin American currencies on Thursday after a batch of weak economic data added uncertainty about the government's ability to meet a key budget savings target this year. The real lost more than 1 percent after data showed Brazil's unemployment rate rose in April to its highest in nearly four years, while economic activity weakened more than forecast in March. The data confirmed Brazil is headed to a recession this year, which will probably curb government revenues and make it more difficult for Finance Minister Joaquim Levy to meet a primary fiscal surplus target of 1.2 percent in 2015. Investors have been watching Brazil's fiscal performance, which also depends on a number of austerity measures subject to congressional approval, to make sure that the country will keep its coveted investment-grade rating. "The fiscal situation remains complicated, the economy is weak and the central bank seems to be less active in the market, so it's natural for the real to weaken today," said Glauber Romano, a trader with Intercam brokerage in Brazil. Brazil's central bank has been rolling over less than 100 percent of the currency swaps that expire early in June, removing some of the support it has been giving to the real. The swaps are derivatives that provide investors with protection against currency losses, easing demand for dollars in the spot market. Some traders bet the central bank may further slow down the rollover pace of currency swaps next month if the real remains near the 3-per-dollar threshold. The real last traded at 3.04 per dollar. Key Latin American stock indexes and currencies at 1530 GMT: Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 1032.37 -0.36 8.34 MSCI LatAm 2647.7 -0.04 -2.89 Brazil Bovespa 54889.9 -0.02 9.76 Mexico IPC 45178.43 -0.23 4.71 Chile IPSA 4057.94 -0.54 5.37 Chile IGPA 19699.86 -0.51 4.40 Argentina MerVal 11863.5 1.15 38.29 Colombia IGBC 10650.98 0.34 -8.45 Venezuela IBC 6470.65 2.98 67.69 Currencies daily % YTD % change change Latest Brazil real 3.0371 -1.12 -12.50 Mexico peso 15.2353 -0.24 -3.22 Chile peso 604.5 0.00 0.31 Colombia peso 2485.4 0.02 -3.92 Peru sol 3.1461 0.25 -5.31 Argentina peso (interbank) 8.9625 0.00 -4.60 Argentina peso (parallel) 12.59 0.40 11.20 (Reporting by Walter Brandimarte and Bruno Federowski; Editing by Lisa Von Ahn)

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    Until this week, two major investment banks expected Europe's benchmark German Bund yield to turn negative this year. Citi abandoned its call for the 10-year Bund yield to fall to -0.05 percent this year, leaving Royal Bank of Scotland sticking with its prediction of -0.13 percent by the end of the year.

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    Shopify Inc. (SHOP) shares surged 50% on their first day of trade Thursday, climbing above $25 from their initial public offering price of $17. The company, which makes software to power online sales for retailers, sold 7.7 million shares to raise about $131 million. Morgan Stanley, Credit Suisse and RBC Capital Markets were joint book-runners on the deal, with Pacific Crest Securities, Raymond James and Canaccord Genuity acting as co-managers. The Ottawa, Canada-based company listed...

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    Unusually, it has been Germany in the spotlight in the eurozone government bond market this year--first for the relentless decline in Bund yields and then for their sharp reversal. But these dynamics may have created opportunities in southern Europe. Bonds from Spain and Italy haven't been immune to the turmoil in Germany.

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    * TSX up 112.86 points, or 0.75 percent, to 15,185.69. By Solarina Ho. Canada's main stock index rebounded on Thursday, lifted in part by a general upbeat tone among investors and higher crude prices that bolstered energy stocks for the third straight session.