Mixed day for the global markets as COVID-19 cautious continues - Tuesday Review, August 17

Mixed day for the global markets as COVID-19 cautious continues - Tuesday Review, August 17

Major stocks and oil slid amid mixed economic data

The US

Wall Street posted declines as investors grappled with mixed economic metrics and took into account the impact of the ongoing spread of the Delta COVID-19 variant. USA30 fell 0.79%, snapping a five-day winning streak. USA500 lost 0.71%, while TECH100 dropped 0.93%.

Crude oil lost 0.5%, trading at $66.73 a barrel.

Gold rose 0.3% to $1,795.65 per ounce.

Asia and Australia

Markets were mostly down, with investors continuing to digest the latest economic data from China amid fears that the latest COVID-19 outbreaks will delay the global economic recovery. Japan225 edged up 0.15%, with the country’s state of emergency set to be extended until September 12.

HongKong45 lost 0.11%.

Down under, Australia200 fell 0.72% after its national bank released the minutes from its latest meeting earlier in the day.

Europe

Stocks traded lower, weighed by losses in Asia on fresh Chinese regulatory fears, but BHP Group jumped after confirming the spin-off of its crude assets. Germany30 and France40 each traded 0.4% lower, while UK100 dropped 0.1%.

Brent oil fell 0.5% to $69.19 per barrel.

EUR/USD traded at 1.1769 after it lost 0.1%.

Sources: investing.com, reuters.com

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