Asian shares fall as oil rises and Treasury yields climb
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
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Global stocks fall as oil rises, Treasury yields extend gains
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
US dollar index near two-month lows as Fed hike bets fade
The dollar index traded around 99.5 on Tuesday near two-month lows as traders scaled back expectations for a Federal Reserve rate hike this year after weak US retail sales, consumer sentiment, and subdued inflation.