Key facts
- Global shares edged higher following soft U.S. economic data.
- The U.S. dollar declined to its lowest point since June.
- Market expectations for an imminent Federal Reserve rate hike decreased.
- Brent crude oil prices increased by 1% to $89.42 per barrel.
Global shares saw a slight increase, and the U.S. dollar weakened to its lowest point since June. This movement followed the release of soft U.S. economic data, which led markets to pare back expectations for an imminent interest rate hike by the Federal Reserve. Oil prices experienced mixed performance after recent gains, with Brent crude rising 1% to $89.42 per barrel. A hike next month is now priced at 30%, down sharply from about 50% a week earlier, according to the CME Group's FedWatch tool.