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Global markets: stocks set for best week since March

Friday, May 11, 2018 - 01:53

World shares rose on Friday as investor appetite for risky assets got a boost from soft U.S. inflation numbers, helping soothe worries that the Federal Reserve might step up the pace of its rate hikes. And, as Ciara Lee reports, oil prices steadied near 3-1/2 year highs on the prospect of new U.S. sanctions against Iran.

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World shares rose on Friday as investor appetite for risky assets got a boost from soft U.S. inflation numbers, helping soothe worries that the Federal Reserve might step up the pace of its rate hikes. And, as Ciara Lee reports, oil prices steadied near 3-1/2 year highs on the prospect of new U.S. sanctions against Iran.

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Global markets: stocks set for best week since March

Friday, May 11, 2018 - 01:53