World stocks edge back, bond yields, COVID-19 cases rise
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By Tom Arnold and Alun John LONDON/HONG KONG (Reuters) -Global shares edged further back from record highs on Tuesday as lofty sovereign bond yields and rising global COVID-19 cases had investors questioning high equity valuations. With bond yields at elevated levels, the U.S. dollar remained under pressure, hitting its lowest in nearly seven weeks during the Asian session. Europe’s STOXX 600 was 0.6% weaker, with major indexes in Frankfurt, Paris and London all negative. That followed a mixed showing in Asian equity markets as MSCI’s broadest index of Asia-Pacific shares outside Japan added 0…

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HEDGE accordingly