Global Markets: Stocks Slide, Dollar Steady Ahead of Fed Minutes; Crypto Soars

GLOBAL MARKET - TOKYO/LONDON. Stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

Gold eased back from Monday's all-time peak, while crude oil declined on worries of U.S. interest rates staying high for longer as Fed officials maintained a cautious view on a recent easing of inflation.