Global shares slip again as rate cut hopes ebb By Reuters
From Investing.com:
Global stock markets fell and the dollar stayed strong as markets grew less optimistic about early U.S. interest rate cuts. The latest Middle East tensions and upcoming U.S. interest rate update dampened sentiment. Another escalation of hostilities contributed to worsening market conditions. Additionally, supply chains and the Western labor market remained excessively volatile.
The benchmark 10-year yield rose to 4%. Nasdaq dropped to a seven-week low, and the 10-year Bund yield rose, indicating rising U.S. Treasury yields. The dollar, which rose 0.8%, held steady at 102.18. Oil future dipped 0.6% to $75.41 a barrel and stayed there, while gold was steady at $2,059 an ounce.
Read more: Global shares slip again as rate cut hopes ebb By Reuters