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The U.S. dollar was on track for its most significant weekly gain in over a month as market expectations shifted towards fewer interest rate cuts. This shift was influenced by the belief that President-elect Donald Trump's policies could fuel inflation, giving the Federal Reserve less leeway to reduce rates.
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News and Media
European shares fell on Friday, dragged down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump's policies, and a jump in Treasury yields. Investors were also concerned about U.S.-China relations and the impact of Trump's pick to lead the Department of Health and Human Services.
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News and Media
Global stocks were on track for their biggest weekly decline in two months as investors adjusted to the possibility of a slower pace of interest-rate cuts by the Federal Reserve. Stronger-than-expected economic data and hawkish comments from Fed officials, including Chair Jerome Powell, contributed to the market's recalibration.
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News and Media
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