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European stocks traded mainly flat on Friday and had been set to log weekly gains of less than 1% as investors absorbed fresh U.S. The nation was opened up for travel significantly less than a month ago. 1.10% all down 1% or much more. It would be the largest SPAC transaction on record if it goes ahead. Vivendi confirmed it was in talks to sell Pershing a 10% stake in Universal Music Group. Airline and travel stocks had been once more below stress following the U.K. Portugal from its list of safe travel destinations. Airlines and travel firms slipped immediately after the U.K. A flattening yield curve functions in the opposite way. .08% all fell 1% or a lot more. .71% fell .7%. Shares of Pershing Square Tontine Holdings Ltd. Pershing Square Tontine is sponsored by Pershing Square TH Sponsor LLC, which is wholly owned by investment funds – Pershing Square Holdings, Pershing Square LP and Pershing Square International Ltd. U.S. stocks opened modestly larger following data showed a weaker-than-anticipated May nonfarm-payrolls report which eased some worries the Federal Reserve may have to curb its effortless-dollars policies sooner than anticipated. Those losses came as the yield on the 10-year Treasury note TMUBMUSD10Y, 1.496% and German bunds TMBMKDE-10Y, -.186% slipped. A steepening yield curve assists banks borrow more affordable and then lend at greater rates of interest. Speculation that the choice was coming hit travel-associated shares on Thursday, and those stocks continue to slide on Friday. ’s decision to get rid of Portugal from its quarantine-free travel list, citing concerns about coronavirus variants. .35%, the unique purpose acquisition corporation, or SPAC, created by billionaire investor Bill Ackman, fell 8% in U.S. In London, shares of investment holding firm Pershing Square Holdings PSH, fell more than 2%, leading the FTSE 100 decliners.