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Stocks, FX fall on Middle East tensions, fading Fed cut hopes

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Middle East Tensions News

Stock Exchange,Forex Trading

NEW YORK, April 16 — Emerging market stocks and currencies fell today as tensions between Iran and Israel and diminishing hopes of a rate cut by the US Federal Reserve kept the...

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The MSCI index for emerging market stocks shed 1.7 per cent, while currencies slipped 0.3 per cent by 0830 GMT . Meanwhile, the US dollar soared to a five-month high as traders also pushed back expectations for the timing and size of any rate cuts from the Fed. “China certainly isn’t out of the woods just yet - it has been battling against a cocktail of headwinds including its ongoing property crisis, weak consumer confidence and tumbling exports in March,” said Victoria Scholar, head of investment at Interactive Investor.

 

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US stocks close lower as Middle East tensions, Treasury yields weighNEW YORK, April 16 ― US stocks closed sharply lower yesterday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about...
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