Globally, Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside.Brent crude was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude was trading 9 cents higher at $80.81 a barrel.U.S. crude oil and gasoline inventories were expected to have fallen last week, a preliminary Reuters poll showed, as the American Petroleum Institute industry group is due to release data later on Tuesday.S&P Global on Monday cut credit ratings and revised its outlook for multiple U.S. banks, following a similar move by Moody's , warning that funding risks and weaker profitability will likely test the sector's credit strength.The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer.Treasury yields hit new decade highs in Asia on Tuesday as traders grew wary of how long interest rates might need to stay elevated, with the higher risk-free rate putting a dampener on stocks even as beaten-down Chinese markets attempted a rebound. Benchmark 10-year U.S. Treasury yields rose about 2.5 basis points (bps) in early Tokyo trade to 4.366%, extending an overnight rise to hit their highest since 2007.The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday. Gold prices rose slightly on Monday.Spot gold was at $1,894.74, up $5.32. Rupee likely weakened further as US yields soared overnight and falling yuan will keep pressure on domestic currency but the losses are likely limited from the support of the central bank.
❮
❯
