Markets fell in Asia and Europe on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.
An investor looks at his mobile phone showing stock market movements at a securities company in Beijing on January 8, 2016.HONG KONG, China —
The readings indicated the world's top economy was still in rude health, quelling the excitement sparked by last week's news that the consumer price index slowed in April after three months of topping forecasts. The prospect of interest rates remaining at two-decade highs through most of the year put upward pressure on the dollar.
But she added that "at this stage, we expect the BoJ to wait until around October before increasing interest rates again".Hong Kong - Hang Seng Index: DOWN 1.4 percent at 18,608.94 London - FTSE 100: DOWN 0.6 percent at 8,288.32West Texas Intermediate: DOWN 0.3 percent at $76.
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