Everything you need to know to start trading on July 20

A sell-off in global equities continued in Asia early Tuesday as the spread of the delta coronavirus variant stirs concerns about the resilience of the economic recovery and strengthens safe-haven assets.

Shares fell in Japan, Australia and South Korea, but declines were ordered. US contracts edged up after the S&P 500 fell the most in two months following a reopening trade reversal as cyclicals like energy and financials slipped.

The Singapore-traded SGX Nifty Index, an early indicator of the performance of the Indian Nifty 50 Index, fell 0.16% to 15,717 at 6:55 a.m.

Long-term Treasury rates rose, after hitting their lowest level since February on Monday and flattening the yield curve. Ten-year rates rose above 1.2%. The dollar maintained gains while the yen stabilized.

Oil has stabilized after sinking on an OPEC + deal to increase supply until 2022. Bitcoin traded just above the closely watched $ 30,000 level.

Geopolitical nervousness also resurfaced on Monday after the US, UK and their allies said the Chinese government was the mastermind behind a series of malicious ransomware, data theft and cyber-espionage attacks. against public and private entities, including the sprawling Microsoft Exchange hack. earlier this year.


Source link

About Emilie Brandow

Avatar

Check Also

(Korea Herald EDITORIAL September 23)

Undue sufferingRelieving the hardships of young adults does not require sympathetic rhetoric, but a change …

Leave a Reply

Your email address will not be published. Required fields are marked *