*STOCKS RALLY, TREASURY YIELDS DIP ON HOPES FED WILL SLOW RATE HIKES -
Meanwhile, the greenback tumbled against the yen, prompting analysts to suspect Tokyo of intervening to halt the Japanese currency's slide.
"Trading data suggests the Bank of Japan stepped in to bid up the yen despite their comments to the contrary, suggesting currency markets remain extremely uncertain and volatile," Carter said.dollar indexThe Japanese yen strengthened 1.94% versus the greenback to 147.30 per dollar, while Sterling was last trading at $1.1304, up 0.63% on the day.
European shares slid as investors fretted about inflation and the economic effects of central banks' efforts to rein it in, with the specter of possible recession lurking on the horizon.Emerging market stocks rose 0.29%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.23% lower, whileAfter touching the highest level since 2007, 10-year U.S. Treasury yields eased on the news of a potential Fed debate on reducing the size of interest rate hikes in December.
Oil prices advanced as hopes of stronger Chinese demand outweighed worries of a global economic slowdown.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall St ends red, Treasury yields climb on dour guidance and looming recession fears By ReutersWall St ends red, Treasury yields climb on dour guidance and looming recession fears
Read more »
'This Is Not Normal': Fed President Spoke at Private Wall Street ForumAmid charges of a \u0022culture of corruption,\u0022 the St. Louis Fed released a transcript and said that \u0022we are listening to the commentary around this and will think differently about this in the future.\u0022
Read more »
WTI turns positive, hovering around $85.00 a barrel as the US Dollar tumblesWTI is about to finish Friday’s trading session almost flat, as Wall Street ended the day with hefty gains amidst hopes of a Fed pivot, as wires menti
Read more »
Here are Thursday's biggest analyst calls: Apple, Tesla, Amazon, Dick's, Sunrun, Nike & moreHere are Thursday's biggest calls on Wall Street.
Read more »
19 Attorneys General Announce Investigation into Six Wall Street Firms over ESG InvestingNineteen Republican attorneys general announced an investigation into six Wall Street firms regarding their involvement with the United Nations Net-Zero Banking Alliance.
Read more »