Tuesday Outlook: Soaring yields leave stocks struggling for headway; dollar hovers near highs
- Date: 22-Aug-2023
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
Tuesday Outlook: Soaring yields leave stocks struggling for headway; dollar hovers near highs
Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%
Oil dips on possible easing of tight supply, China woes hurt demand outlook
Brent crude was down 8 cents at $84.38 a barrel
Dollar hovers near highs as U.S. yields surge; PBOC bolsters yuan
The U.S. dollar index slipped 0.1 to 103.24, but remained not far from Friday's high of 103.68
US Stocks: Nasdaq rallies as Nvidia, tech jump; investors look toward Jackson Hole
The S&P 500 gained 30.42 points, or 0.70%, to end at 4,400.13 points
Gold finds support despite surge in US bond yields
Spot gold held its ground at $1,894.89 per ounce
Coinbase to invest in Circle, shut down jointly managed Centre
Circle will take full control over USDC issuance and governance
Gain a deeper understanding of financial markets with Eikon
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