Global shares edged further back from record highs on Tuesday as lofty sovereign bond yields and rising global COVID-19 cases had investors questioning high equity valuations.
Europe’s was 0.6% weaker, with major indexes in , and all negative.
E-mini futures for the rose 0.2%, pointing to an equity recovery in the United States after major Wall Street indexes on Monday drew back from record highs hit list week, dragged by shares of Tesla (NASDAQ:).
The yield on benchmark Treasury note rose to 1.6227%, up from its US close of 1.599%, and at similar levels reached on Thursday, but below their March spikes.
The latest data from the United States has pointed to a robust recovery from the pandemic. US surged to nearly a 15-year high in March, according to data released on Friday.
In currency markets, the dollar continued its recent weakness. The was down 0.1% at 90.952, having hit a low of 90.877 during Asian trading.
The was up 0.3% at $1.2065, its highest in nearly seven weeks.
The risk friendly rose as much as 0.6% against the greenback to reach a one-month high, partly due to upbeat remarks from Australian central bank.
The weak dollar helped push up commodity prices. and both gained more than 1%, with the former at $64.04 barrel, and the latter at $67.90 barrel. Three-month London traded just shy of its highest level since August 2011. rose 0.1% to $1,769 per ounce.
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