Stocks decline and dollar rebounds as Fed readies rate cuts

Posted on:
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..

You might be interested in

Stocks hold firm as US inflation data keep rate cut hopes alive

15, Aug, 24

By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose

Dollar slips as data keeps rate cut hopes intact

08, Mar, 24

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Friday after data showed U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in

Wall Street stocks dip, dollar rebounds as Fed readies rate cuts

23, Aug, 24

By Lawrence Delevingne (Reuters) - Stocks fell and the dollar gained on Thursday after Federal Reserve minutes signaled U.S. interest rate cuts were set to begin but U.S. business activity fell to a 4

Dollar at 5-month low after US inflation cools in November

22, Dec, 23

By Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar fell against a basket of currencies on Friday, hitting a near five-month low as data showed annual U.S. inflation slowed further below 3% in

SGX Nifty down 140 points; here's what changed for market while you were sleeping

10, Mar, 23

F&O data showed that on the call side, the highest OI was observed at 17700 followed by 17800 strike prices while on the put side, the highest OI was at 17500 strike price.

US dollar tumbles in midst of consolidation; US data, ECB loom

25, Jan, 24

By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) -The U.S. dollar dropped on Wednesday, after rising in eight of the last 10 sessions, as investors consolidated gains spurred

Euro zone inflation falls again in June as energy prices tumble

30, Jun, 23

Inflation in the euro zone fell for a third straight month in June as the cost of fuel tumbled and increases in food prices slowed, a preliminary reading showed on Friday.

Federal Reserve delivers small rate hike amid recent financial turmoil in U.S.

22, Mar, 23

The Federal Reserve raised interest rates by a quarter of a percentage point on March 22 amid recent turmoil in financial markets spurred by the collapse of two U.S. banks, Silicon Valley Bank (SVB) and Signature Bank.

Dollar gains on risk sentiment, Swiss franc falls on surprise rate cut

22, Mar, 24

By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar rose on Thursday after the Swiss National Bank's surprise interest rate cut bolstered global risk sentiment and underscored the

Dollar hits 11-week high as Fed rate cut bets recede

05, Feb, 24

By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) -The dollar rose to its highest in almost three months against other major currencies on Monday as traders clawed back bets for aggressive