blue-chips dipped by around 0.2% , while the dollar clambered off a 4-week low against the other major world currencies as Japan's yen took a tumble ahead of a central bank meeting there on Friday.
ECB President Christine Lagarde's press conference, meanwhile, will focus on sticky core inflation "which will keep an additional hike in July on the table" and mean another is possible in September if financial conditions don't become too restrictive, he added.
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Stocks rise, dollar pares losses after Fed signals more hikes aheadMSCI's global equity index closed slightly higher on Wednesday after a volatile afternoon while the dollar cut its losses after the U.S. Federal Reserve paused interest rate hikes as was widely expected but signalled that it could raise rates by another half percentage point by year-end.
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Oil prices dip after unexpected rise in US crude stocksOil prices inched higher on Wednesday after industry data showed an unexpected rise in U.S. crude stocks, signalling weak demand to markets already worried about recession and disappointing Chinese economic data.
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Nigerian banking stocks rise 8% after central bank governor suspendedNigeria's banking stock index rose more than 8% on Tuesday as local investors reacted to the suspension late last week of central bank governor Godwin Emefiele, who oversaw restrictive policies that cramped their earnings.
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