World stocks hold slightly lower ahead of US Fed meeting
No action is expected from the Fed, but taking the foot off the pedal could hurt risk sentiment and lift the dollar, which is at a three-month low
10 June 2020 - 11:13
London — World stock markets hovered below three-month highs on Wednesday, as the dollar stumbled ahead of a meeting of the US Federal Reserve.
After weeks of strong gains, propelled by hopes of a swift economic recovery as the coronavirus-induced lockdowns lift, equity markets appear to have run out of steam for now. Support for safe havens from gold to the yen, also pointed to caution...
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