The US dollar weakened and government bond yields fell to multi-week lows on Friday after a benign reading of US inflation in June and soft retail demand raised doubts on the Federal Reserve increasing interest rates later this year. On the other hand, oil prices were headed for a weekly gain of more than 4 per cent on lower US stockpiles. Global stock markets scaled fresh record highs, capping their best week in more than two months, and oil prices gained in volatile trading amid signs of strengthening demand. The US consumer price index increased 1.6 per cent, the smallest gain ...
Global stocks up, dollar down as US bond yields dip on weak inflation data
Meanwhile, oil prices were headed for a weekly gain of over 4% on lower US stockpiles, among others