Stocks nudge at record highs; cooler US inflation eclipses oil rally | live
By Amanda Cooper LONDON, Aug 14 (Reuters) - Global stocks traded around record highs on Friday, set for a third weekly gain after benign inflation data dented expectations for a U.S. rate hike next month, although faltering talks to end the Iran war sent oil prices higher. Oil and gas prices were still set for sizeable weekly gains, as the impasse over a peace deal continued and the U.S. threatened to ramp up economic pressure on Iran, including extending a naval blockade.
By Amanda Cooper LONDON, Aug 14 (Reuters) - Global stocks traded around record highs on Friday, set for a third weekly gain after benign inflation data dented expectations for a U.S. rate hike next month, although faltering talks to end the Iran war sent oil prices higher. Oil and gas prices were still set for sizeable weekly gains, as the impasse over a peace deal continued and the U.S. threatened to ramp up economic pressure on Iran, including extending a naval blockade.
What's Your Reaction?
