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Selloff in stocks takes a breather; gold and yen tick up

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into U.S. stocks even as tensions between the United States and North Korea continued to escalate, though the geopolitical fears still drove safe-haven buying of gold and the yen.A slight rise in a measure of U.S. consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favourable to equity investors.The hope that the Fed will have to slow its rate-hike ...

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First Published: Sat, August 12 2017. 01:34 IST
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