GLOBAL MARKETS-Dollar gains, global stocks slip as big tech weighs
Business news

The dollar rose and a gauge of global equity markets slipped on Tuesday as rising U.S. Treasury yields dampened the appeal of big U.S. tech stocks and led investors on both sides of the Atlantic to shares that stand to benefit as economies re-open. European shares advanced to near-record highs on hopes of a vaccine-driven recovery as investors looked past the fallout of U.S. hedge fund Archegos’ default, which slammed Credit Suisse and Nomura shares hard on Monday. The STOXX 600 index gained 0.7%, putting the pan-European index less than 1% from its pre-pandemic peak, while bank and mining stocks pushed the blue-chip FTSE 100 index in London to close 0.5% higher.

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HEDGE accordingly