financial planning
Global stocks fell as a drop in oil prices weighed on the energy sector, while hawkish comments from U.S. Reserve officials pushed the U.S. dollar to a one-month high. After the market close, index provider MSCI said it will add mainland Chinese ‘A’ stocks to its widely followed Emerging Markets Index in a landmark decision for the global investment landscape. Oil fell about 2 percent, with Brent settling at seven-month lows and U.S. crude at its cheapest since September, after increased supply from key producers overshadowed high compliance by OPEC and non-OPEC oil producers with a deal to cut global output. That slide weighed down energy stocks on Wall Street and in Europe. The S&P energy index dropped 1.3 percent as the worst-performing of the 11 major S&P sectors and Europe’s oil and gas sector slumped 2.2 percent. “People really thought $45 to $55 was kind of the range of oil, but it is getting weaker and weaker and U.S. producers are getting more and more efficient,” said...