Tuesday Outlook: Asian Shares Up, Dollar Ascendant As Fed Cut Bets Pared

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Asian shares up, dollar firms as rate cut wagers fade
The robust manufacturing data sent yields on U.S. Treasuries higher, with two-year and 10-year yields climbing to two-week peaks, boosting the dollar

Oil gains on upbeat manufacturing data, escalating Middle East tensions
Brent futures for June delivery rose 37 cents to $87.79 a barrel

Dollar ascendant as Fed cut bets pared, jawboning props up yen
Gold, which performs best when yields are falling, was knocked back from a record peak

Gold holds ground as easing Treasury yields lift appeal
Spot gold was unchanged at $2,250.26 per ounce

US Stocks: Dow, S&P close lower as manufacturing data lifts yields
Chip stocks advance; semiconductor index up 1.2%

OpenAI removes Sam Altman's ownership of its Startup Fund
Axios first reported on the ownership change on Monday

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