Sterling was up against the dollar and looked likely to rise further as the Bank of England should stick to a gradual pace of interest-rate cuts, Commerzbank said....
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Eurozone government bond yields rose, tracking Treasury yields and Commerzbank said Powell’s hawkish cut poured cold water on any hopes of a year-end rally....
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Oil dropped in early Asian trade amid weak sentiment. Crude oil will likely see some volatility amid uncertainty surrounding U.S. political developments and new European sanctions targeting Russian oil exports, Tickmill said....
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Stocks fell broadly after the Federal Reserve reeled in expectations for interest-rate cuts in 2025. The Dow Jones Industrial Average lost more than 1,100 points, declining for a 10th consecutive session, its longest losing streak in five decades....
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