LIVE NEWS UPDATE ::
Stocks fell and U.S. Treasury yields climbed back toward 7-year highs after the Federal Reserve released the minutes of its latest policy meeting.
Investors were left with little doubt that American interest rates will keep rising.
That’s unnerving equity markets, as higher rates were part of the trigger for last week’s rout.
Elsewhere:
– The pound fell as Theresa May considered extending how long Britain would follow some EU rules after Brexit
– Most metals were lower after being hurt by the stronger dollar and Chinese growth concerns
– The price of U.S. oil dropped to its lowest in a month
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