MSCI's all-country world index, a gauge of global shares, closed down 0.62% at 719.17. European defensive shares rose, with real estate, utilities and healthcare up between 0.5% and 1% as worries about the coronavirus mounted. The S&P 500 real estate index rose to a record high on Friday. However, we see a rebound in 10-year yields to 2% by year-end as consistent with a continued rally in equities." The dollar index, which tracks the greenback versus a basket of six currencies, rose 0.10% to 92.675.

Source: The Star July 16, 2021 22:18 UTC