Key Points
LONDON TOKYO, LONDON (Reuters) Global stocks were set to end the week on a tepid note, following seven weeks of gains, after hotter-than-forecast U.S. inflation knocked back bets for how soon and often the Federal Reserve will cut interest rates...
MSCIS global equity index was down 0.2% on Friday and flat for the week, following a strong rally for most of the first quarter of the year...
The dollar index, which measures the currency against the euro, yen and four other major peers, added 0.05% to 103.45, following a rally on Thursday, heading for its best week since January...
Traders tend to cut tech holdings when they believe these high growth businesses may find it harder to borrow money to fund expansion or because high yields on bonds make speculative equities less appealing...
Elsewhere, oil prices succumbed to some profit taking, following strong gains this week amid sharp declines in U.S. crude and fuel inventories, drone strikes on Russian refineries and an increase in energy demand forecasts..
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