Global equity markets were set to end the week on a softer footing on Friday, after setting record highs in the previous two sessions, as investors looked for clarity on U. S. President Donald Trump’s policies on tax and trade. The MSCI All-Country World index .MIWD00000PUS was still headed for its fourth straight week of … Read more
World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpings of fiscal stimulus. MSCI’s All Country World index, which spans 46 countries, notched the milestone as Wall Street hit its latest record … Read more
Stocks flatlined and the dollar dipped on Tuesday as caution set in before testimony from Federal Reserve chief Janet Yellen that may offer clues to the timing of the next U. S. interest rate rise. Adding to pressure on the dollar was the resignation of President Donald Trump’s national security adviser Michael Flynn, who quit … Read more
The dollar recovered a little ground on Wednesday after recording its worst start to the year in three decades on concerns the United States was poised to ditch its two-decade-old “strong dollar” policy. The greenback skidded 2.6 percent against a basket of major peers .DXY in January, its worst showing since 1987. It fell first … Read more