NEW YORK: Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy.Energy stocks weighed on the U.S. market as oil price declines deepened. The index is down 10 percent this year and is set for its worst year in a decade.U.S. "We are at a regime shift moment, and the debate is how big that regime shift will be. "A speech by Chinese President Xi Jinping, which investors had hoped could lift morale, had little impact after he offered no specific support measures for the economy. The dollar index, tracking it against six major peers, fell 0.03 percent, with the euro up 0.14 percent to $1.1362.

Source: The Star December 18, 2018 21:33 UTC