COVID Delta upsurge keeps stock and commodity bulls in check – Reuters
- Date: 12-Jul-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
COVID Delta upsurge keeps stock and commodity bulls in check – Reuters
LONDON, July 12 (Reuters) - An upsurge in new infections caused by the Delta coronavirus variant capped equity and commodity price gains on Monday, with Wall Street tipped to open lower and bond yields holding just above multi-week lows.
Markets are also jittery at the start of an eventful week that will see the U.S. second-quarter earnings season kick off, the release of inflation data in several countries, and testimony by Federal Reserve Chair Jerome Powell which will be scrutinised for any talk of tapering. read more
MSCI's all-country equity index (.MIWD00000PUS) closed last week in the red but rose 0.2% on Monday, lifted by hefty gains across Asia where markets tracked Friday's record close on U.S. stocks. Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.7% while Japan's Nikkei (.N225) bounced 2.2%.
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