Taken from CNBC’s Daily Open, our international markets newsletter — Subscribe today
Hello, this is Dylan writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.
U.S. markets saw sharp declines on Wednesday, as inflation data and Fed signals added to market distress over Iran. There were some bullish AI signs, however.
The Dow Jones Industrial Average on Wednesday fell more than 750 points to hit a new low for the year, with the index on pace for its worst month since 2022.
That came after the Federal Reserve held rates steady. Policy makers signaled inflation concerns and uncertain impacts amid the Iran war, dashing hopes for swift cuts.
