Global Stocks Slip as Bond Yields Climb and Oil Prices Fall
NEW YORK/ LONDON: On Monday, MSCI’s global equities index declined due to fresh uncertainty regarding tariffs, while oil prices dropped amid expected production increases and U.S. bond yields climbed. U.S. Treasury yields experienced a slight increase after data revealed that the services sector in the largest global economy stayed robust last month, with the prices paid, an indicator of inflation, reaching a two-year peak. Gold prices surged, propelled by a declining U.S. dollar and a rise in safe-haven demand ahead of the U.S. Federal Reserve’s upcoming interest rate policy decision later this week. The MSCI index measuring stocks worldwide declined by 3.04 points, or 0.36 per cent, settling at 846.21…
