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Dollar, bond yields dip on inflation data as global stocks soar

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - The dollar weakened and government bond yields fell to multi-week lows on Friday after a benign reading of U.S. inflation in June and soft retail demand raised doubts the Federal Reserve would increase interest rates later this year.The Dow and S&P 500 both closed at new records while gauges of global stock markets also scaled fresh highs, capping their best week in more than two months. Oil prices rose 1 percent.The U.S. consumer price index increased 1.6 percent, the smallest gain since October 2016, after rising 1.9 percent in May, the Labor Department ...

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First Published: Sat, July 15 2017. 02:00 IST