Reported 8 months ago
Global stocks traded cautiously as the dollar reached multi-week highs, while markets awaited U.S. business surveys for insights on the economy's strength amidst high interest rates. MSCI's global stock index was flat, set for a 0.8% weekly rise. European and U.S. stock indices showed similar trends. The Japanese yen weakened, nearing intervention levels, as data showed Japan's inflation rate slowed. The dollar's strength was attributed to the Fed's tight monetary policy compared to other central banks. Asian shares fell due to a tech sell-off, while U.S. Treasuries softened on rate cut doubts.
Source: YAHOO