The U.S. 10-year treasury note yield rose to touch a two-month high, and the dollar touched a three-week high. MSCI’s gauge of stocks across the globe shed 0.82%, while the pan-European STOXX 600 index closed down 0.9% for a third-straight week of losses. Shares in embattled property developer China Evergrande, which has two trillion yuan ($310 billion) in liabilities and faces an $80 million bond coupon payment next week, dropped 30% this week. The dollar index, a gauge of the greenback’s value against six major currencies, rose to 93.206, its highest since late August. [GOL/]U.S. crude recently fell 64 cents to $71.97 per barrel, and Brent settled at $75.34 a barrel, down 33 cents on the day.

Source: MetroXpress September 17, 2021 04:31 UTC