You are here: Home » Reuters » News
Business Standard

Global Markets: Wall Street stops stocks' bleeding, for now; gold, yen tick up

Reuters  |  NEW YORK 

NEW YORK (Reuters) - Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into U.S. technology and other stocks, but gold and the yen still added slightly to the week's gains as tensions continued to escalate between North Korea and the United States.Traders took heart in a measure of U.S. consumer prices that increased only slightly in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.Hope that the Fed will have to slow its rate hike path appeared to stop, at ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 11 2017. 21:59 IST