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Fed speak pushes dollar higher, Europe shares in black
[Reuters] - The optimism that implies about the outlook for economic growth, allied to some solid sentiment surveys on Tuesday and a positive reaction to cost cuts by banking giant Credit Suisse, helped European stock markets into the black. Oil prices, however, were around 1 percent lower and the risks that a stronger dollar and higher Federal Reserve rates bring for the developing world helped end a five-day winning streak for emerging market stocks. "Market pricing for Fed tightening continues to tentatively rebuild," strategists from French bank BNP Paribas said in a note to clients.
Fed speak pushes dollar higher, Europe shares in black - Yahoo Singapore Finance
[Reuters] - The optimism that implies about the outlook for economic growth, allied to some solid sentiment surveys on Tuesday and a positive reaction to cost cuts by banking giant Credit Suisse, helped European stock markets into the black. Oil prices, however, were around 1 percent lower and the risks that a stronger dollar and higher Federal Reserve rates bring for the developing world helped end a five-day winning streak for emerging market stocks. "Market pricing for Fed tightening continues to tentatively rebuild," strategists from French bank BNP Paribas said in a note to clients.
Fed speak pushes dollar higher, Europe shares in black - Yahoo Singapore Finance
