- Global recession talk rattles investors
- Dollar gains against euro, yen, sterling
- Treasury yields slip on slower Fed rate hike hopes
- Oil prices slump on economic jitters
NEW YORK/LONDON, Dec 6 (Reuters) – Global stocks posted a third straight day of losses and the dollar rose on Tuesday as the market weighed how long the Federal Reserve would keep interest rates high and “restrictive” to the U.S. economy.
Stocks on Wall Street fell, with all sectors in the red with the exception of utilities (.SPLRCU). The major bourses in Europe also declined as concerns mounted about a global slowdown before a raft of major central bank rate decisions next week.
MSCI’s all-country world index (.MIWD00000PUS), a gauge of stock performance in 47 countries, fell 1.26% to mark its third down day in a row after hitting a three-month high last week.
The dollar gained against the euro, yen, British pound and Canadian dollar, among other major currencies.
Treasury…
