MSCI's gauge of stocks in 50 countries across the globe sheds 0.62% on Wednesday, August 17.
Global equities fell and US Treasury yields rose on Wednesday, August 17, after the Federal Reserve’s meeting minutes showed that officials were ready toIn their July meeting minutes released on Wednesday, Fed officials said the pace of future rate hikes would depend on incoming economic data, as well as assessments of how the economy was adapting to theAfter the release of the minutes, traders of futures tied to the Fed’s policy rate saw a half-percentage-point rate hike as more likely in...
Benchmark 10-year yields dipped about two basis points after the minutes were released while 2-year note yields fell by about five basis points from 3.335% to 3.285%. Still, they closed higher, at 2.894% and 3.293%, respectively. On Wall Street, major indexes sharply cut their losses after the release of the minutes although stocks still closed down driven by a sell-off in equities in technology, consumer discretionary, industrials, and communication services.
Oil edged 1% higher after earlier hitting a six-month low on Wednesday, as a steeper-than-expected drawdown in US crude stocks outweighed concerns over rising output, Russian exports, and recession fears.
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