Finance chiefs from economies large and small are scrambling to keep pace with the Federal Reserve's rapid resetting of rate-cut expectations as U.S. inflation data roils markets from London to Brazil. All insist they are setting policy independently of the Fed and basing it on local conditions. It's an unexpected turn that has supercharged the U.S. dollar, stressing other currencies in return and raising the prospect of currency intervention in Asia.
Futures fell on reports of Iran explosions: The market power trend is about to end. Netflix gave weak guidance.
Oil and gold prices rose and shares have fell in Asian trade.