Global Markets: Stocks recede from two-month highs; Aussie dollar dives
Thursday, 7 February 2019 By Chuck Mikolajczak and Lewis Krauskopf NEW YORK (Reuters) - The Australian dollar tumbled on Wednesday after its central bank signalled a possible interest-rate cut in the latest indication a global economic slowdown is tilting policymakers towards looser monetary policy, while a gauge of world equity markets edged back from two-month highs. Wall Street's benchmark S&P 500 slipped on concerns over growth, disappointing earnings reports and another possible U.S. government shutdown in the wake of President Donald Trump's State of the Union address on Tuesday
According to Reutes, MSCI's global gauge of stocks is down for a second day. After six consecutive days of gains, the stock index also snapped a pair of two-month highs yesterday. But the losses today are a bit worse On the day for Feb. 7th, MSCI's all country world stock index fell over 1-percent,...
Oil is dominating headlines. Stocks were falling Monday, endangering the Dow Jones Industrial Average's eight-day winning streak, after oil prices surged the most in more than two decades following an..