Some investors believe fresh uncertainty over Covid-19 may be accelerating the move in yields on U.S. growth may be peaking and the Fed will be less tolerant of rising consumer prices. Some investors have piled into Treasuries in recent weeks, fueled by expectations that U.S. "Now I think it is most apparent in the Oceanic currencies that are generally tied to Asian risk sentiment." "Early on I think the risks of the Delta variant were most apparent in British pound," said John Doyle, vice president of dealing and trading at FX payments firm Tempus Inc. currency gain 2.7% against a basket of peers in June. dollar that was sparked by the Federal Reserve’s hawkish shift and saw the U.S. The moves have contributed to a rally in the U.S. Worries over the Delta variant are weighing on the currencies of countries where it is spreading quickly, including the Australian dollar and British pound. Oil prices, which were hammered in the wake of the pandemic, rose about 10% in June, however. Travel & Leisure Index fell 3.35% in June, compared with a 2.2% gain for the S&P 500 Index. Southwest Airlines, American Airlines, Delta and Carnival Corp made the list of the 25 worst performing stocks over the last 1 month, a Reuters analysis showed. Here are some assets where concerns over the Delta variant may be moving the needle. So far, however, it is hard to tell how much the new strain will disrupt the global growth rebound that has helped power risk assets higher in recent months. The Delta variant is now present in over 90 countries and has become the most prevalent variant among new COVID-19 cases in the United States, according to California-based genomics company Helix. NEW YORK (Reuters) - Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |