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Upbeat US data lift dollar, send world shares to fresh peak

Also, stocks on Wall Street climbed, ahead of Yellen's second day of testimony

Herbert Lash | Reuters  |  New York 

Upbeat data lifted the dollar and sent world shares to a fourth all-time high in less than a month on Thursday, a day after Federal Reserve Chair Janet Yellen signalled that a rise in interest rates would be less aggressive than had been expected.   Oil prices gained as evidence of stronger demand in China offset reports of higher production by key Opec exporters in a report by the International Energy Agency (IEA). Stocks on Wall Street climbed, ahead of Yellen's second day of testimony after her remarks on Wednesday suggested a more gradual tightening of ...

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First Published: Fri, July 14 2017. 03:24 IST
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