Global stocks mixed amid new lockdown fears and rising Sino-US tensions - Monday review, March 22

Global stocks mixed amid new lockdown fears and rising Sino-US tensions - Monday review, March 22

US markets gained momentum as bond yields fell

The US

Wall Street closed in the green, gains being driven by tech behemoths like Facebook, Apple, Microsoft, Alphabet, and Tesla. Moreover, the US bond yields fell below 1.7%, after last week when they reached a 14-month high. USA30 and USA500 gained 0.35%. TECH100 was up 1.46%.

Brent oil lost 0.5% reaching $61.11 per barrel.

Gold fell 0.7% to $1,729.10 per ounce.

Asia and Australia

HongKong45 was down 0.21% as the Sino-US tensions appear to escalate again after the latter-imposed sanctions against two Chinese officials over alleged human rights abuses. The European Union, Canada, and the UK took similar measures.

Japan225 fell 1.92%.

Down under, Australia200 was up 0.64%.

Europe

Stocks were lower at the beginning of the week, weakened by plans for new lockdowns to curb the third wave of COVID-19 infections. Germany30 traded 0.1% higher, while France40 lost 0.6% after both countries announced new restrictive measures. In Germany, the lockdown could be extended into the fifth month, and France to the fourth week. UK100 dropped 0.4%.

Brent oil fell 0.4% to $64.28 a barrel.

EUR/USD traded at 1.1900.

Sources: reuters.com, investing.com

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