Global markets edged lower and the dollar fell on Tuesday after data showed U.S. inflation rose by less than expected, raising renewed questions on when the U.S. central bank will begin tapering its asset purchases. \n MSCI's world stocks benchmark (.MIWD00000PUS) fell 0.23%, and all of the major U.S. stock indexes were down by mid-afternoon New York time. \n European shares (.STOXX) closed 0.1% lower, dragged down by mining, banks and luxury stocks, which followed Asian luxury stocks in falling on a new spike in COVID-19 cases in Fujian, China. read more
was down 0.43%. The dollar index fell 0.161 points or 0.17%, to 92.514. The euro was last up 0.09%, at $1.1819 . The yield on 10-year Treasury notes US10YT=RR was 1.282%. Bond yields in the euro area moved up, with Germany's 10-year yield , the benchmark for the bloc, at -0.34%, hitting a two-month high. L8N2QG19D
Oil prices rose, extending gains as Nicholas weakened into a tropical storm and the International Energy Agency said demand would rebound in the remainder of the year. Brent crude settled up $0.9, or up 0.12%, at $73.60 a barrel. U.S. crude settled up $0.1, or up 0.01%, at $70.46 per barrel. Spot gold prices rose $12.7509 or 0.71 percent, to $1,806.24 an ounce.For the state of play of Asian stock markets please click on:
Reporting by Elizabeth Dilts Marshall in New York; Tom Arnold in London and Scott Murdoch in Hong Kong; editing by Angus MacSwan and Nick ZieminskiSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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