Stay Long Financials | Westpac - Healthy Capital Returns   Global markets were mixed on Monday (US S&P 500 index -0.1%) as defensive sectors rallied, while slumping oil prices — due to fears that increasing COVID-19 cases and slowing growth in China would hit demand weighed on the energy sector. Rising COVID-19 delta cases, weak oil prices and the potential for higher bond yields amid strong employment numbers, caused investors to step back. The US 10-year Treasury bond yield was up to 1.32%, helping the financial sector to a second day of gains (+0.3%). The gold price experienced a tumultuous session, briefly touching as low as $US1684 an ounce before recovering. Strategists explained the precious metal’s decline since Friday’s US labour force report as an illustration of growing concern about a pullback in stimulus by the US Federal Reserve. Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank should move to taper its...