Stocks slide, dollar gains on rates outlook jitters
Published by
Reuters UK
Reuters UK
By Tom Westbrook SINGAPORE (Reuters) – Asian shares dropped to a one-month low, U.S. stock futures fell and the dollar rose on Tuesday as hawkish remarks from central bankers tempered expectations for interest rate cuts and traders waited to hear from the Fed’s influential Christopher Waller. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1% to its lowest since mid-December. Japan’s Nikkei looked set to snap a sharp six-session winning streak with a 0.7% dip away from Monday’s 34-year high. U.S. markets were closed for a holiday on Monday, but S&P 500 futures were 0.4% lower i…