Global stocks slip, dollar steady as retail sales tip Fed outlook

Published by
Reuters UK

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global stocks slid from two-month highs and the safe-haven dollar steadied on Wednesday after stronger-than-expected U.S. retail sales clouded the inflation outlook and hopes that the Federal Reserve could ease its aggressive interest rate hikes. Stocks in Europe pared overnight losses in Asia after Poland’s president said a missile that hit his country was probably a stray Ukrainian defense projectile, dispelling fears that it came from Russia. U.S. equities were hurt by a dire holiday sales outlook from Target Corp as investors too…

Read More


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.