NEW YORK/LONDON, Nov 27 (Reuters) – MSCI’s global equity index was down slightly on Monday and U.S. Treasury yields fell while investors digested U.S. housing data and waited for key inflation readings later in the week. slid against most major currencies, weighed down by expectations that the Federal Reserve could start cutting interest rates by the first half of next year. Gold hit a six-month high with a boost from the softer dollar and expectations for a pause in Fed tightening. Oil prices fell on Monday, with the Brent benchmark hovering around $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Meanwhile the latest data showed that sales of new U.S. single-family…
Published Date: 2023-11-27
Source: Yahoo Sports
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