Global Stocks, Dollar Rebound but Yellen Rattles Markets

http://www.ripplesadvisory.com/nifty-future-.php

 

Global stocks and the dollar rebounded on Friday, buoyed at first by U.S. and Chinese data, but Federal Reserve Chair Janet Yellen later rattled investors when she said aggressive steps may be needed to address an economy whose potential is slipping. 

 

The dollar posted its largest weekly rise in more than seven months, with rebounding U.S. retail sales and a rise in producer prices last month indicating the economy had regained momentum in the third quarter after a lacklustre first-half. 

 

Stocks in Europe rose more than 1 percent and an index of global equities gained. But stocks on Wall Street pared gains to close just above break-even, while yields on longer-dated U.S. Treasuries ticked up, with the benchmark 10-year note edging above 1.8 percent. 

 

Yellen, who posed her comments in Boston as questions that need more research, also suggested the U.S. central bank may allow inflation to exceed its 2 percent target.