Key Points
(Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will soon start to cut interest rates...
The Dow Jones Industrial Average fell 0.43%, to 40,712, the S&P 500 lost 0.89%, to 5,570 and the Nasdaq Composite lost 1.67%, to 17,619...
Steve Englander, a markets strategist for Standard Chartered Bank, said the minutes showed the Fed was in sight of its inflation target and unemployment is rising, putting a 50 bps rate cut on the table...
Euro zone bond yields were higher after survey data showed the blocs services sector fared better than expected in August, although a separate measure of wage pressures eased...
In Britain, the pound initially rose to a new 13-month high on the dollar and also strengthened against the euro after British business activity data showed steady growth momentum going into the second half of 2024..
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