Turkey’s annual inflation rises * U.S. economic data on watch * South Korean shares fall over 2% * Stocks down 1.2%, dollar firms 0.3% By Siddarth S Jan 3 (Reuters) – Emerging market stocks dropped on Wednesday, while the U.S. dollar firmed, as investors shied away from risky assets as they awaited the minutes of the U.S. Federal Reserve’s December meeting for clues on the trajectory of interest rate cuts. The MSCI’s gauge of emerging market stocks was down 1.2% at 0941 GMT, while a basket of currencies dipped 0.3% against the dollar. The resurgence in the dollar index and benchmark U.S. Treasury yields in recent days sheds some light on fading optimism about early rate cuts as market participants…
Published Date: 2024-01-03
Source: Daily Mail Online
Categories: Business, Investing, Stocks and Bonds, Commodities and Futures, Home, Personal Finance
