By Sinéad Carew and Iain Withers
NEW YORK/LONDON, Aug 24 (Reuters) - MSCI's global equities gauge lost ground on Monday as weakness in technology stocks offset support from a dip in U.S. Treasury yields and falling oil prices.
Oil prices fell more than $2 per barrel as traders shrugged off U.S. Treasury Secretary Scott Bessent's announcement of an expansion of secondary sanctions that Washington can impose on entities and countries that maintain business ties with Iran as the U.S. significantly ratchets up economic pressure on Tehran, nearly six months into their war.
Longer-dated U.S. Treasury yields fell following a report that the Treasury Department may tap its cash account to finance increased debt buybacks. In currencies, the Canadian dollar dipped due to a looming U.S. trade war.
While most of the S&P 500's industry sectors finished Monday's session with gains, heavyweight technology led losses among the benchmark's three declining sectors, with a 1.6% drop.
#treasury #prices #sectors
NEW YORK/LONDON, Aug 24 (Reuters) - MSCI's global equities gauge lost ground on Monday as weakness in technology stocks offset support from a dip in U.S. Treasury yields and falling oil prices.
Oil prices fell more than $2 per barrel as traders shrugged off U.S. Treasury Secretary Scott Bessent's announcement of an expansion of secondary sanctions that Washington can impose on entities and countries that maintain business ties with Iran as the U.S. significantly ratchets up economic pressure on Tehran, nearly six months into their war.
Longer-dated U.S. Treasury yields fell following a report that the Treasury Department may tap its cash account to finance increased debt buybacks. In currencies, the Canadian dollar dipped due to a looming U.S. trade war.
While most of the S&P 500's industry sectors finished Monday's session with gains, heavyweight technology led losses among the benchmark's three declining sectors, with a 1.6% drop.
#treasury #prices #sectors
23 hours ago
