Resurgent worries over high bond yields weakened the markets
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%.
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
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