• U.S. stocks fall on worries over recovery, corporate tax hikes
  • Oil settles unchanged as latest storm spares U.S. energy sector
  • Yield on 10-year note lowest since Aug. 24.

NEW YORK, Sept 14 (Reuters) – Global equity markets and U.S. bond yields fell on Tuesday after data showed inflation cooling in the Unites States, raising fresh questions on when the U.S. central bank will begin tapering its asset purchases.

MSCI’s world stocks benchmark (.MIWD00000PUS)fell 0.33%, and all 11 major sectors in the S&P 500 ended the session lower, with energy (.SPNY) and financials (.SPSY) falling the most.

European shares (.STOXX) closed 0.1% lower, dragged down by mining, banks and luxury stocks, which followed Asian luxury stocks in falling on a new spike in COVID-19 cases in Fujian, China. read more

The yield on the benchmark 10-year note fell more than 6 basis points on the day to a low of 1.263%, the lowest reading since Aug. 24.

The U.S. Labor…

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