ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the ...
Read More »Stocks drop on hawkish rate fears; dollar rallies
Bloomberg US equity futures and European stocks dropped in the face of hawkish comments from Federal Reserve and European Central Bank (ECB) officials that ramped up investors’ expectations of higher interest rates. The dollar rallied and bonds fell. Contracts for both the S&P 500 and Nasdaq 100 retreated after the underlying indexes sank more than 1% on February 16. ...
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