7 June 2023
Global stock markets were steady on Wednesday and the U.S. dollar drifted lower as attention turned towards next week’s pivotal inflation data and Federal Reserve meeting, where chances of a rate hike continued to ebb. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.7%, led by gains in Hong Kong and Taiwan, while Japan’s Nikkei 225 fell 1.8%, its sharpest fall in 12 weeks to snap a four-day winning streak. That left the MSCI’s broadest index of world shares up just under 0.1% but close to its highest level in 13 months reached on Monday.