Global equities at three-month highs

London — Global shares hovered around three-month highs on Wednesday and the dollar found support as investors tempered some of their earlier enthusiasm about the prospect of the start of a series of US interest rate cuts. The MSCI All-World index fell 0.1%, down for a second day following the decline on Wall Street, after minutes from the Federal Reserve’s most recent meeting offered little new insight into policymakers’ thinking on rates. Overnight, the S&P 500 snapped a five-session winning streak and fell 0.2%. Chipmaker Nvidia reported revenue well above Wall Street expectations after the market close, but shares fell 1.7% due to the company’s downbeat China sales outlook. Nasdaq futures fell 0.3% in European trading, while those on the…

Source: BusinessLIVE
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