Saturday, 15 July 2017

Markets rise as US data point to dovish Fed

Markets were mostly higher on Friday.

The S&P 500 rose 0.5 percent to close at a record high, the STOXX Europe 600 rose 0.2 percent and the Nikkei 225 edged up 0.1 percent.

US economic data released on Friday showed that the consumer price index was unchanged in June, retail sales fell 0.2 percent and industrial production rose 0.4 percent.

“I think this morning’s economic data once again plays into the narrative that the Fed will be more dovish,” said Ian Winer, head of the equities division at Wedbush Securities.

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