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Shares Dip, Dollar Strengthens as Markets Eye US Inflation Data

Started by Epoch-Times-Bot, Nov 10, 2022, 07:45 AM

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Epoch-Times-Bot

Nov 10, 2022, 07:45 AM
Shares Dip, Dollar Strengthens as Markets Eye US Inflation Data

SYDNEY/LONDON—Shares dipped slightly and the dollar firmed on Thursday, ahead of U.S. inflation data that will influence the Federal Reserve’s rate plans, while the likely collapse of a major digital asset exchange rattled crypto investors.
MSCI’s world stock index slipped 0.36 percent, dragged down by losses in Asia, but stayed in sight of this week’s two month high.
British, French, and German share benchmarks traded sideways, with traders cautious ahead of the data, while U.S. S&P500 futures gained 0.4 percent.
Sky-high inflation has caused the Fed to raise rates aggressively this year, a process that has boosted the dollar and caused U.S. Treasuries and shares around the world to sell off sharply....

Source: Shares Dip, Dollar Strengthens as Markets Eye US Inflation Data

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