GLOBAL MARKETS-Stocks, dollar ease on growth, inflation concerns
The dollar eased and a gauge of global equity markets fell on Monday despite strong manufacturing data as investors worried about the potential for renewed U.S.-China trade tensions and rising inflation as oil prices surged to multi-year highs. U.S. Treasury yields rose on investor caution about the need to raise the government's debt ceiling as the United States faces the risk of a historic default in two weeks. Oil jumped after Reuters reported the Organization of Petroleum Exporting Countries and allies would stick to their current output policy instead of boosting supply more.
Published:10/4/2021 2:31:26 PM