Treasuries rose and the dollar fell as Federal Reserve minutes showed the central bank has little conviction on raising rates next month. A midafternoon rally in U.S. stocks faded as investors refocused on China and the global economy.
While the Fed’s minutes reduced speculation the central bank will raise rates at its next gathering, China’s shock devaluation continued to roil emerging-market assets and threatened to slow global growth amid a rout in commodities. Gold and silver gained on haven demand while oil’s selloff deepened...
Also read: Danish credit card sales rise 2.2 pct in Dec