Mar
16
Equity Rally Stalls as Dollar Maintains Decline: Markets Wrap
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S&P 500 turns lower while Treasuries hold Thursday’s losses
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Asia stocks benchmark falls after biggest gain since November
An equity rally spurred by the Federal Reserve’s outlook this week is stalling, capping a strong week for global stocks which saw a fresh record. The dollar and Treasuries held losses.
The MSCI Asia Pacific Index retreated after its biggest gain since November, with Japanese stocks leading declines. The S&P 500 Index’s post-Fed rally ran out of steam after the gauge climbed to within 0.5 percent of an all-time high. The pound held on to gains spurred by some Bank of England policy makers saying they may not be far behind Kristin Forbes who’s leaning toward raising interest rates. Treasuries maintained Thursday’s declines…
Equity Rally Stalls as Dollar Maintains Decline: Markets Wrap
