Global stocks steady, U.S. Treasury yields rise as recession worries persist



* S&P 500, Dow closes higher

* Benchmark 10-year yields rise

* Yield curve remains inverted

* Dollar flat

* Oil prices decline nearly 3%

* Safe-haven gold drops (Updates with markets close)

By Chibuike Oguh

NEW YORK, Aug 16 (Reuters) - Global equity markets were flat while U.S. Treasury yields rose on Tuesday, as recession worries persisted amid concern the Federal Reserve will continue its steep interest rate hikes despite nascent signs of a slowdown in inflation.

The yield curve between two- and 10-year Treasury notes US2US10=TWEB , viewed as an indicator of impending recession, remained inverted at minus 40 basis points on Tuesday.

"It seems that the bond market doesn't quite reflect the inflation happening in the economy," said George Young, a portfolio manager at Villere & Company in New Orleans.

"The weird thing is that in the last couple of weeks bond yields have gone up and stayed up so there's kind of a disconnect. There's kind of a question maybe inflation isn't that bad and we may actually be going into a recession. Market participants are all over the place," he added.

MSCI's gauge of stocks in 50 countries across the globe .MIWD00000PUS was up 0.05%. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.07% lower, while Japan's Nikkei .N225 lost 0.01%.

U.S. Treasury yields edged higher as encouraging data from U.S. retail giants suggested the Fed has room to further raise rates to cool inflation. Benchmark 10-year Treasury yields US10YT=RR were at 2.8077% from 2.791% on Monday

On Wall Street, the benchmark S&P 500 and the Dow reversed earlier losses and closed higher, with stocks in consumer discretionary, consumer staples, financials and industrials leading the rebound.

The Dow Jones Industrial Average .DJI rose 0.71% to 34,152.01, the S&P 500 .SPX gained 0.19% to 4,305.2 and the Nasdaq Composite .IXIC dropped 0.19% to 13,102.55.

Oil prices dropped nearly 3% in volatile trading as recession worries raised uncertainty over global crude demand, even as markets awaited clarity on talks to revive a deal that could allow more Iranian oil exports.

Brent crude LCOc1 futures fell 2.9% to settle at $92.84 a barrel, after hitting a session high of $95.95. West Texas Intermediate crude (WTI) CLc1 decreased 3.2%, settling at $86.53 a barrel, after rising to $90.65.

The dollar was flat, pulling back from earlier gains, amid expectations the U.S. economy would be stronger than peers in the event of a slowdown in growth.

The dollar index =USD was down 0.009%, with the euro EUR= up 0.1% to $1.017.

Safe-haven gold fell for a second straight session on Tuesday as an initially firmer dollar made the greenback-denominated metal more expensive.

Spot gold XAU= dropped 0.2% to $1,774.91 an ounce, while U.S. gold futures GCc1 fell 0.36% to $1,774.90 an ounce.
Reporting by Chibuike Oguh; Editing by Sandra Maler/Alex Richardson/Ken Ferris

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明