London — Shares were treading water on Wednesday while rising US treasury yields kept the dollar steady, as investors waited to hear whether the world’s most powerful central banker would confirm or confound expectations for a US rate cut this month.

MSCI’s broadest index of world stocks was little changed after three days of losses. Europe’s subdued start reflected pre-event caution rather than how the day would pan out.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now