Oil fell to the lowest levels since May
Wall Street ended the day in a mixed manner, with defensive and tech-heavy stocks regaining ground after two days of losses. Moreover, the rising COVID-19 cases worldwide and the prospect of a looming Federal Reserve taper threw cold water on risk appetites. USA30 fell 0.19%, while USA500 climbed 0.13%. TECH100 added 0.11%.
Crude oil fell 2.6% to $63.50 a barrel.
Gold traded at $1,783.50 per ounce after it fell 0.1%.
The Dollar Index rose 0.46% to 93.566.
Asia and Australia
Stocks were mostly down, after the US Federal Reserve hinted that asset tapering could begin as soon as this year.
Japan225 was down 0.66%.
HongKong45 slid 1.40%.
Down under, Australia200 fell 0.67%, despite economic data showed employment figures were better than-expected in July. The unemployment rate fell to 4.6% for the same month.
Stocks traded significantly lower, due to Fed’s announcement on tapering its bond-buying program this year, even though the world economy loses momentum. Germany30 slipped 1.5%, and France40 fell 2.3%. UK100 dropped 1.8%.
Brent oil traded 2.6% lower at $66.45 per barrel.
EUR/USD traded 0.2% lower at 1.1683.
Sources: investing.com, reuters.com
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