U.S. Treasuries sold off on Monday as solid retail sales spurred bets the Federal Reserve will be in no rush to cut interest rates, with traders also getting ready for a flurry of bank debt sales, reported Bloomberg.
The S&P 500 Index and Nasdaq 100 rose by 0.33% and 0.22%, respectively, as of 12:14 p.m. New York time. The Dow Jones Industrial Average rose by 0.39%.
Brent crude was trading 1.35% lower at $89.23 a barrel. Gold was lower by 0.27% at $2,367.60 an ounce.
India’s benchmark equity indices fell for the second straight session to their lowest close in April, as investors sold riskier assets due to uncertainty over the Middle East and caution over quarterly earnings.
The Nifty closed 241.55 points, or 1.07%, lower at 22,277.85, and the Sensex fell 845.12 points, or 1.14%, to end at 73,399.78.
Overseas investors remained net sellers on Monday for the second consecutive day.
Foreign portfolio investors offloaded stocks worth Rs 3,268 crore; domestic institutional investors remained net buyers for the fifth day and mopped up equities worth Rs 4,762.9 crore, the NSE data showed.
The Indian rupee weakened by 3 paise to close at 83.45 against the U.S. dollar.
