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Dollar at five-week low boosts commodities; stocks gain
[Reuters] - The U.S. dollar fell on Wednesday on waning expectations of a near-term interest rate hike, boosting commodity prices, while an index of world equity markets advanced toward a six-week high. Oil prices rose to eight-months highs, up for a third consecutive session on supply worries, and U.S. bonds held steady before a 10-year note auction. The MSCI world equity index , which tracks shares in 45 nations, was last up 0.32 percent, but European shares snapped a two-day rally, hurt by a drop in financial stocks.
Dollar at five-week low boosts commodities; stocks gain - Yahoo Singapore Finance
[Reuters] - The U.S. dollar fell on Wednesday on waning expectations of a near-term interest rate hike, boosting commodity prices, while an index of world equity markets advanced toward a six-week high. Oil prices rose to eight-months highs, up for a third consecutive session on supply worries, and U.S. bonds held steady before a 10-year note auction. The MSCI world equity index , which tracks shares in 45 nations, was last up 0.32 percent, but European shares snapped a two-day rally, hurt by a drop in financial stocks.
Dollar at five-week low boosts commodities; stocks gain - Yahoo Singapore Finance
