Wall Street equities closed lower after data indicated that trade deficit narrowed to $83.35 billion in November from $98.8 billion in October.
The data suggested strength in the economy, adding to concerns that the U.S. Federal Reserve will continue on its rate-hike path. A separate report that showed a fall in home prices, indicating struggles for the housing market, also weighed on concerns. U.S. bond yields rose as investors tried to assess the Fed's rate-hike path following the mixed data and China's decision to scale back some of its COVID-related restrictions.
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Indian shares gain as metals advance after China eases COVID curbsIndian shares edged higher on Tuesday, aided by an uptick in metal stocks, after China announced it will further ease its strict COVID-19 restrictions, bolstering expectations of demand recovery in the world's second-largest economy. 🗞 Our evaluation indicates that the fairness score of this tweet is 📈0.83 (Our method is still at the experimental stage!). All my shares are backed by Target gift cards. My money is safe.
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