Stock markets diverge ahead of key rate decisions
The dollar generally rose against its main rivals, while oil prices rebounded following sharp falls last week.
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The dollar generally rose against its main rivals, while oil prices rebounded following sharp falls last week.
Stocks surged while the dollar dropped as US inflation slowed more than expected.
Stocks surged while the dollar dropped on Tuesday as US inflation slowed more than expected, opening the way for the Federal Reserve to reduce the tempo of interest rate hikes.
Wall Street stocks staged a relief rally and Hong Kong soared on Thursday, but recession fears held back equity trading elsewhere.
Traders are fearful that Chinese authorities will revert to highly restrictive Covid containment measures that have already dealt a chilling blow to its economy this year.