28 September 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- US Dollar gains, Track rise in treasury yields
- Asian markets grapple with Evergrande fallout, eye China power crunch
- Oil eases as investors take profit after 5-day rally
The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded.
The euro traded little changed at $1.17205, largely ignoring developments in German elections on the weekend, with the Social Democrats projected to narrowly defeat the CDU/CSU conservative bloc
The dollar index , which measures the U.S. currency against six major rivals, hovered in the middle of its range of the past week, trading slightly weaker at 93.240.
Asian shares mainly drifted lower Tuesday as investors continued to fret over China Evergrande Group’s unsolved debt crisis and eyed the potential impact of a widening power shortage in China.
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.13% lower on Tuesday, following a mixed session on Wall Street In early trade Tuesday, Australia’s benchmark S&P/ASX200 index was down nearly 1%, while Japan’s Nikkei was off 0.6%. China’s blue chip index CSI300 edged up 0.1% at the open, as Hong Kong’s Hang Seng Index gained 0.44%.
On Wall Street, the Dow Jones Industrial Average (.DJI) rose 144.36 points, or 0.41%, to 34,942.36, the S&P 500 (.SPX) lost 4.57 points, or 0.10%, to 4,450.91 and the Nasdaq Composite (.IXIC) dropped 68.29 points, or 0.45%, to 14,979.41.
Oil markets eased on Tuesday after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply.
Brent crude futures fell 17 cents, or 0.2%, to $79.36 a barrel after surging 1.8% and reaching its highest since October 2018 on Monday. U.S. West Texas Intermediate (WTI) crude futures dropped 9 cents, or 0.1%, to $75.36 a barrel, having risen 2% and hitting its highest since July the previous day.
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