Dollar rises, global stocks hold highs on March Fed rate hike bets

Federal Reserve Governor Lael Brainard became on Wednesday the latest central bank official to signal that a hike may be in the offing, saying an improving global economy and a

solid U.S. recovery meant it would be “appropriate soon” to raise rates.

Federal fund futures prices suggest markets see a 70 percent chance of a 25 basis point hike.

European shares dipped after Wednesday’s strong showing, gains on Asian bourses and new record highs on Wall Street.

Although higher interest rates would raise U.S. companies’ costs, they are also being seen as a sign of confidence in the economy and, along with U.S. President Donald Trump’s

speech to Congress, were cited as factors behind Wall Street’s rise.

Fed Chair Janet Yellen is due to speak on the economic outlook in Chicago on Friday.

The pan-European STOXX 600 index fell 0.1 percent after adding 1.5 percent on Wednesday and hitting its highest since December 2015, as losses on consumer-related

stocks outweigh gains in healthcare and miners.

Source: Angola Press News Agency