Global Markets

Stocks dip, bonds fall as CPI keeps Fed on course


NEW YORK - Global equity markets dipped but remained near record highs on Friday after Federal Reserve Chair Janet Yellen said she expected interest rates to rise this year, a view that lifted bond yields and was bolstered by rising core consumer prices.

Wall St. ends lower after Yellen comments fail to inspire

- U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.

9:35pm BST

Fed on track to hike rates as economic headwinds wane: Yellen

PROVIDENCE, R.I. - Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.

8:27pm BST

Firmer underlying inflation keeps Fed on rate hike path

WASHINGTON - Rising shelter and medical care costs boosted underlying U.S. inflation pressures in April, a welcome sign for the Federal Reserve as it contemplates raising interest rates this year. | Video

7:20pm BST

Yellen tone suggests choppiness for markets ahead

NEW YORK - U.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks.

9:16pm BST

Oil down 2 percent ahead of long U.S. Memorial Day weekend

NEW YORK - Oil fell about 2 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices.

8:05pm BST
World Markets

European shares edge lower, Richemont slips after update

LONDON, May 22 - The pan-European FTSEurofirst 300 index edged lower in early trading on Friday, with Cartier owner Richemont leading the index lower after reporting lower profits.

European shares hover near three-week high but luxury stocks fall

LONDON, May 22 - European shares hovered near three-week highs on Friday as exporters got a boost from a weaker euro, although luxury goods stocks underperformed after Richemont warned that trading remained tough in major Asian markets.

UPDATE 1-Japan stock market cap hits record, exceeds 1989 peak

* Market cap amounts to 118 pct of GDP (adds investor comment, background)

Hong Kong shares jump as investors expect more money inflows

May 22 - Hong Kong stocks rose on Friday, buoyed by further gains in mainland China markets and expectations of fresh money inflows from Chinese investors.

9:14am BST
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