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Global Markets: Dollar and oil pause ascent, bonds and gold lick wounds

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - World markets began to strain on Friday after a rollercoaster week that has seen oil break $80 a barrel, Italian politics rattle the euro zone again and emerging markets battered by a pumped-up dollar and rising borrowing costs.Traders hit Italian bonds, stocks and the euro as a pledge to ramp up spending from a coalition government taking shape in Rome caused fresh unease, while Wall Street was waiting to see the outcome of U.S. and China trade talks..Italy's strife sent long-term borrowing to more than seven-month highs, stocks in Milan fell one percent ...

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First Published: Fri, May 18 2018. 17:54 IST