Resurgent worries over high bond yields weakened the markets
The US
Wall Street ended lower after Jerome Powell’s speech left investors worried about rising longer-term US bond yields. USA30 fell 1.11%, USA500 lost 1.34%. TECH100 dropped 2.11%, being down almost 10% since its February record high.
Crude oil added 0.3%, reaching $61.48 a barrel.
Gold fell 0.2% to $1,712.80 per ounce.
Asia and Australia
Stocks followed their American peers’ example and closed in the red amid the rising of yields. HongKong45 slid 2.80%.
Japan225 fell 1.87%
Down under, Australia200 was down 1.10%.
Europe
Markets weakened amid resurgent worries over higher bond yields. Germany30 traded 0.5% lower, and France40 fell 0.2%. UK100 lost 0.8%.
Brent oil rose 0.4% to $64.33 a barrel.
EUR/USD traded at 1.2042 after it lost 0.2%.
Source: investing.com, reuters.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.
