HomeFinancial MarketsStocks Fall, Dollar Advances Amid Fed Rate Uncertainty

Stocks Fall, Dollar Advances Amid Fed Rate Uncertainty

Stocks largely declined on Tuesday as markets became increasingly uncertain as to whether the Federal Reserve’s interest rate hiking agenda will come to an end. S&P 500 futures slumped by 0.3% and Nasdaq 100 futures fell by 0.2%.

In Europe, futures on the Euro Stoxx 50 declined by 0.4% while in Asia, Hong Kong’s Hang Seng index dropped by 1.2% as did Japan’s Topix index. In contrast, China’s mainland Shanghai Composite gained 0.2%.

The US dollar showed signs of strengthening, with the Bloomberg Spot Dollar Index rising 0.2%. The British pound slipped 0.1% to $1.2326 as did the euro, to $1.0706. The Japanese yen fell 0.2% to 150.36 per dollar while the offshore yuan remained little changed.

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