U.S. dollar trades close to one-year low as markets await economic data, quarterly earnings
World shares were steady near their recent 15-month highs and the U.S. dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for U.S. retail sales data and earnings.
At 0806 GMT, the MSCI World Equity index was little changed at 697.27, near the 698.39 reached on Friday, which was the highest since April 2022. Investors were waiting for U.S. retail sales and industrial production figures later in the session, which could give indications about the Federal Reserve’s“Any sense that the Federal Reserve has reached peak interest rates or any sense that they’re turning less hawkish or more dovish will be that injection that stocks need to take the next leg higher,” Cincotta said.
The euro hit a fresh 17-month high of $1.1276 around 0732 GMT, before easing to trade up 0.1% on the day at $1.1237.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S., China meet on climate as world temperatures near record highs - National | Globalnews.caThe heat dome across the western United States also helped to generate heavy rains in the northeast, claiming at least five lives. The heat warnings spread as far as Florida.
Read more »
Hong Kong schools and stock market are closed as Typhoon Talim sweeps toward ChinaSchools and the stock market were closed in Hong Kong on Monday as Typhoon Talim sideswiped the city and headed toward the Chinese mainland and the island province of Hainan.
Read more »
First all-electric tugboat in the world now plying the waters of B.C.HaiSea Marine, a collaboration between the Haisla Nation and Seaspan, welcomed the arrival of the HaiSea Wamis this week
Read more »
Ashley Lawrence a critical piece in Canada’s Women's World Cup hopes | TSNAs Canada heads into the 2023 Women’s World Cup in Australia and New Zealand as the reigning Olympic gold medalists, don’t be surprised if Ashley Lawrence is Canada’s best player.
Read more »
Why allowing Ukraine to ship grain during Russia's war matters to the worldRussia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. Here's a look at the crucial accord and what it means for the world.
Read more »