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Global Markets: Dollar hits 4-month high vs yen, stocks slide

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - The dollar hit a four-month high against the yen but global equity markets turned lower on Tuesday as investors awaited testimony by Federal Reserve Chair Janet Yellen this week and any signs of tighter U.S. monetary policy.MSCI's measure of stock performance world-wide stock initially rose, lifted by expectations of robust global growth.U.S. stocks reversed early gains to edge lower after President Donald Trump's eldest son released an e-mail chain related to a meeting with a Russian lawyer linked to the Kremlin during last year election campaign."People ...

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First Published: Tue, July 11 2017. 21:42 IST