Global Markets Decline as Investors Brace for More Fed Rate Hikes
• Global stocks extend New Year slide, MSCI world index down 1%; dollar edges higher • Yields on 10-year Treasuries briefly top 4% as optimism for Fed rate cuts ebbs • Crude oil prices surge over 3% on Middle East tensions after Israeli strike in Beirut • U.S. job openings dropped for 3rd straight month in November, signaling cooling labor market • Investors cautious ahead of Fed minutes from December meeting, Friday jobs report