- MSCI World index slides despite strong U.S. retail sales
- U.S. T-bill yields edge off lows; gold down
- Oil heads for biggest weekly drop since at least May
NEW YORK/LONDON, July 16 (Reuters) – The dollar edged higher on Friday after upbeat U.S. retail sales data reaffirmed that the economy accelerated in the second quarter, but global stock markets declined as investors grapple with inflation expectations and when interest rates may begin to rise.
Oil markets were on course for their biggest weekly drop since at least May as traders bet supply from OPEC producers could increase to meet an expected rise in demand as economies recover from the coronavirus pandemic. read more
How quickly that happens, though, is far from certain, with a resurgence in the coronavirus infection rates across a number of countries, particularly in Africa and parts of Asia as the Delta variant continues to take hold. read more