Wall St Set for Subdued September Open as Yields and Oil Weigh
· Business · Reuters, LiveMint
Wall Street indexes pointed to a weak start in early September trade as elevated US Treasury yields and rising oil prices dented investor sentiment. Futures contracts signalled modest losses across the major US benchmarks, reflecting caution at the beginning of a month that has historically been weak for equities. Higher bond yields raised concerns about stretched equity valuations, while a jump in crude prices added to worries over persistent inflation. Traders were also watching upcoming US economic data for signals on the Federal Reserve's next move. Asian and European markets were mixed in tandem.
Why it matters
Indian investors with exposure to US tech and large-cap stocks via direct listings or global funds could see portfolio volatility, while higher oil prices may lift India's import bill and fuel inflation pressures back home.
Read the original report — Reuters
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