GLOBAL MARKETS-Wall Street rebounds, sterling steadies after tumble
Yahoo! Finance
The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all added between 1% and 2% after Wall Street fell deeper into a bear market in the previous session. Markets are still wary about the pace of U.S. interest rate rises to calm inflation, a concern which has hurt risky assets and boosted the U.S. currency. Indeed, markets are seeing a 74% probability of a further 75 basis points move at the next U.S. Federal Reserve meeting in November.
Continue Reading