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Markets Snap Week-long Rally As US Inflation Dents Rate Hopes

Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year.

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Yen Hovers Just Shy of 150 Level as Intervention Threat Weighs

Yen Hovers Just Shy of 150 Level as Intervention Threat Weighs
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Markets snap week-long rally as US inflation dents rate hopes

Equities went into reverse Friday, snapping a week-long rally, as a forecast-topping US inflation report revived fears the Federal Reserve will hike interest rates again before the end of the year."Much of the 'good' work done in the past week in the form of bull flattening of the US yield curve has been undone by the latest US CPI report, which shows in particular still uncomfortably high core service sector inflation," said National Australia Bank's Ray Attrill.

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Stock markets slide, oil prices surge

Stock markets slide, oil prices surge
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.

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Markets snap week-long rally

Markets snap week-long rally
thefrontierpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefrontierpost.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesNew south walesNew zealand generalNew zealandT ai peiSoult ukpyolsiSouth koreaHong kongRyuta suzukiFederal reserveNational australia bank ray attrillNational australia bank