European stocks look set to extend losses on Wednesday amid concerns that higher interest rates will result in a slower economic recovery.
The U.S. dollar held steady and U.S. Treasury yields hit fresh two-year highs as investors awaited the Federal Reserve's Jan. 25-26 meeting for more signals on the rate hike timeline.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.