buyappleacc.com is a reputed website selling apple developer account, providing us, China and worldwide developer individual accounts for sale. It's at low price and good quality. Always provides satisfying services!

HomeSocialtext

ios developer account(buyappleacc.com):GLOBAL-MARKETS-Rising Treasury yields hit tech stocks

admin2021-09-2913

choi Baccarat

sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ,Bạn có thể nạp và rút tiền với; Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ URL:www.vng.app。

,The Dow Jones Industrial Average rose 71.37 points, or 0.21%, to 34,869.37, the S&P 500 lost 12.37 points, or 0.28%, to 4,443.11 and the Nasdaq Composite dropped 77.73 points, or 0.52%, to 14,969.97.Europe's STOXX 600 index ended lower as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs.

NEW YORK U.S. government borrowing costs advanced for a sixth week on Monday, hurting tech stocks as investors bet on rising interest rates, while three-year high oil prices ignited the energy sector.

An easing in Sino-U.S. tensions and Chinese authorities' decision to pump in more cash to offset the fallout from real estate firm Evergrande's woes offered encouragement to investors. There was also relief that Germany's election outcome ruled out a pure left-wing coalition government.

U.S. indices were mixed, with the industrials-heavy Dow Jones index outperforming the Nasdaq index of tech stocks .

"Technology stocks are higher valuation, meaning you're paying for future growth, and higher interest rates are a brake on future growth," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. "When yields rise, tech shares tend to underperform."

The Dow Jones Industrial Average rose 71.37 points, or 0.21%, to 34,869.37, the S&P 500 lost 12.37 points, or 0.28%, to 4,443.11 and the Nasdaq Composite dropped 77.73 points, or 0.52%, to 14,969.97.

Europe's STOXX 600 index ended lower as declines in tech stocks offset gains in banks and energy, while German shares hit 10-day highs.

Germany's blue-chip DAX rose 0.3%, leading gains among regional indexes, while the pan-European STOXX 600 index fell 0.2%.

The oil price surge is stoking speculation that global inflation will prove longer-lasting than anticipated, forcing central banks to act and benefiting so-called reflation investments, which rise in tandem with rates.

"All in all, it's a positive story as we have a strong economic macro story underpinning everything," said Fahad Kamal, CIO at Kleinwort Hambros in London.

Kamal noted that optimism was reflected in central banks signaling their intent to remove pandemic-era stimulus gradually, which in turn was lifting bond yields.

Oil futures have climbed around $9 a barrel over September. U.S. crude futures settled up 2% at $75.45 per barrel. Brent crude futures settled at $79.53 per barrel, up 1.8%.

Coming on top of this year's 300% surge in European gas prices, the price rises risk further inflaming inflation expectations and hastening the end of super-cheap money.

Goldman Sachs forecast Brent to hit $90 per barrel by year-end, noting "the current global oil supply-demand deficit is larger than we expected, with the recovery in global demand from the Delta impact even faster than our above-consensus forecast."

Investors are, therefore, repositioning portfolios.

Reviews

Popular tags