Market Overview - The MSCI all-country index increased by 0.04%, reaching a record high of 978.74 [2] - Wall Street experienced a decline, with the Dow Industrial Average falling by 0.27% to 45,757.90, the S&P 500 down 0.13% to 6,606.76, and the Nasdaq Composite decreasing by 0.07% to 22,333.96 [2] - The pan-European STOXX 600 dropped by 1.14%, primarily due to losses in financials, real estate, and industrials [3] Federal Reserve Expectations - The Federal Reserve is anticipated to cut its benchmark interest rate by 0.25 percentage points to a range of 4.00%-4.25% during its upcoming monetary policy meeting [3] - The yield on benchmark U.S. 10-year notes decreased by 0.6 points to 4.028%, while the 2-year note yield fell by 2.6 basis points to 3.51% [4] Currency Movements - The U.S. dollar weakened, falling 0.64% against the Japanese yen to 146.45 and 1.04% against the Swiss franc to 0.786 [5] - The euro reached its highest level against the dollar since September 2021, trading up 0.87% at $1.1862, while sterling climbed to $1.365, its highest in over two months [6]
World shares edge higher, US yields drop ahead of Fed
Yahoo Finance·2025-09-16 02:17