Mixed day for the global markets as asset tapering and COVID-19 concerns loom - Tuesday Review, August 10

Mixed day for the global markets as asset tapering and COVID-19 concerns loom - Tuesday Review, August 10

The US $1 trillion infrastructure bill clears Senate

The US

Wall Street closed mainly in the green, as economically sensitive value stocks gained after the US Senate’s passed a $1 trillion bipartisan infrastructure package. USA30 rose 0.46%, while USA500 gained 0.10%. TECH100 dropped 0.49%.

Crude oil rose 3.32% to hit $68.69 per barrel.

Gold was up 0.30% to $1,731.75 a troy ounce.

The Dollar Index was up 0.16%, trading at 93.085.

Asia and Australia

Stocks were mixed. Besides the ongoing debate on central bank asset tapering, investors also focused on the impact of a resurgence in COVID-19 cases on the global economic recovery. Japan225 rose 0.90%, with markets reopening after the holiday.

HongKong45 was down 0.36%.

Down under, Australia200 edged up 0.20%.

Europe

Markets closed higher as traders shrugged off fears over the Delta variant and rising inflation. Germany30 gained 0.16%. France40 traded 0.10% higher, reaching a new 5-year high.

Brent oil rose 2.88% to trade at $71.03 a barrel.

EUR/USD was down 0.16% to 1.1718.

Sources: investing.com, reuters.com

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