- Global shares edge up, but Wall Street drops
- Correlation with dollar softens
- Yen takes a breather from recent rally
LONDON/NEW YORK, Jan 3 (Reuters) – The dollar headed for its largest one-day rise in over three months on Tuesday, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a steer on when, and at what level, U.S. interest rates might peak.
The MSCI All-World index (.MIWD00000PUS) dipped 0.15%, dragged by declines in U.S. stocks, while European shares jumped to two-week highs, led by hefty gains in anything from financials, to oil and gas stocks, to healthcare.
The Dow Jones Industrial Average (.DJI) lost 0.1% in early trade, the S&P 500 (.SPX) slid 0.3%, and the Nasdaq Composite (.IXIC) lost 0.6%.
The dollar index was last up 0.7% at 104.42.
The euro was the worst-performing currency against the dollar , falling by the most since late September, after German regional inflation data showed…
