(Bloomberg) -- Global equities showed signs of stability following a recent selloff. Asian currencies remained in focus as traders braced for the Federal Reserves higher-for-longer interest rates. Most Read from Bloomberg Dubai Grinds to Standstill as Cloud Seeding Worsens Flooding What If Fed Rate Hikes Are Actually Sparking US Economic Boom? China Tells Iran Cooperation Will Last After Attack on Israel Powell Signals Rate-Cut Delay After Run of Inflation Surprises US Yields Spike as Hawkish Powell Puts 5% in Play: Markets Wrap US and European equity futures inched higher as the MSCI Asia Pacific Index steadied after an earlier drop. The dollar turned lower following its best five-day gain since October 2022. The greenbacks resilience has exerted pressure on global emerging-market currencies and prompted authorities to ramp up defense against rapid depreciation.
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