Key Points
NEW YORK (Reuters) -U.S. stocks followed their European counterparts to a lower close on Wednesday and U.S. Treasury yields resumed their uphill climb as robust economic data chilled bets that the Federal Reserve could begin reducing its policy rate as early as March...
The Commerce Departments December retail sales report painted a portrait of a healthy consumer responsible for about 70% of the U.S. economy who has been able to weather the dual storms of hot inflation and restrictive monetary policy...
European shares ended sharply lower, sliding 1.1% as hawkish commentary from European Central Bank (ECB) officials dampened rate cut hopes and underwhelming economic data from China curbed investor risk appetite...
The dollar advanced, touching a fresh one-month high against a basket of world currencies after the solid retail sales report suggested U.S. economic resilience, reining in hopes of an interest rate reduction in March...
U.S. crude prices reversed course to settle higher after supply jitters arising from simmering tensions in the Middle East offset softened demand worries on the heels of Chinas shakier-than-expected GDP report...
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