Dollar falls as currency traders shift Fed rate-hike view to December

The dollar weakened Thursday, continuing a decline that began after minutes from a July meeting of Federal Reserve policy makers suggested that several of them may not be ready to raise interest rates in September. The ICE U.S. dollar index a measure of the dollar’s strength against a basket of six currencies, was down 0.4% to 95.9630. It has shed 0.4% of its value so far this week, a significant move for the dollar-strength gauge. The...

Gold Climbs to One Month High as Bets Fall on U.S. Rate Increase

Gold advanced to the highest in a month as traders scaled back bets on a U.S. interest-rate increase in September after Federal Reserve officials said they needed more evidence that the economy is strengthening. Gold futures for December delivery rose 2.2 percent to settle at $1,153.20 an ounce at 1:42 p.m.on the Comex in New York. Prices rose to $1,153.70, the highest for a most-active contract since July 15. Most Fed officials in...

S&P 500 Drops Most Since February 2014 on Global Growth Concern

The Standard & Poor’s 500 Index tumbled the most since February 2014 as the selloff in emerging-market stocks deepened, fanning concerns over slowing global growth. The Standard & Poor’s 500 fell 2.1 percent to 2,035.97 at 4 p.m. in New York, dropping below a trading range it’s been in for most of the year. The Dow Jones Industrial Average lost 355.97 points, or 2.1 percent, to 16,992.76, the lowest level since October. The...

S&P 500 Erases Gain for Year as Global Growth Concerns Intensify

The Standard & Poor’s 500 Index erased gains for the year as the selloff in emerging-market stocks deepened, fanning concerns over slowing global growth. Netflix Inc. lost 7.4 percent as investors targeted the biggest winners of the year. Media stocks were poised for a correction as Walt Disney Co. tumbled 5.1 percent amid an analyst downgrade. Bank of America Corp. and Citigroup Inc. slumped more than 2.7 percent to pace declines...

Intensifnya Aksi Selloff Saham Eropa ditengah Kecemasan Pertumbuhan Global

Meningkatnya kekhawatiran bahwa pelemahan pertumbuhan global dan ketidakpastian tentang waktu kenaikan suku bunga AS menyeret saham Eropa melemah untuk hari kedua. Jeda untuk ekuitas Eropa pada awal pekan ini tidak berlangsung lama, seiring gejolak di pasar negara berkembang melebar. Kazakhstan adalah negara terbaru yang mendevaluasi mata uangnya, menyusul langkah serupa dilakukan oleh China pekan lalu. Indeks FTSE 100 Inggris jatuh...