News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 27 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

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...

Forbes 50 Richest: IOI brothers go into top five for first time but weak ringgit drags down Malaysian billionaires' wealth

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: malaymail - 🏆 1. / 86 Read more »