Reported 4 months ago
Global equities slightly declined as U.S. Treasury yields rose to multi-week highs, with investors cautiously awaiting inflation data later in the week to gain insights on U.S. interest rates. U.S. Treasuries advanced after a weak auction, and data revealed an unexpected rise in consumer confidence in May, while house price growth slowed in March. Equity investors are primarily focused on the U.S. core Personal Consumption Expenditures Price Index report expected later in the week to assess inflation trends. Despite this, the Nasdaq surpassed the 17,000 level for the first time, and Wall Street indexes showed mixed results. In the bond market, yields increased following lackluster debt auctions, while the dollar index also saw gains. Oil prices rose on expectations of OPEC+ maintaining supply curbs, and gold prices slightly increased.
Source: YAHOO