World Headlines 2018-06-22

RQ Cross Box: 2018-06-22

WORLD HEADLINES - World shares rose on Friday but were set to end a second week lower amid intensifying worries over the fallout of a trade dispute resulting from U.S. tariffs, while oil prices were higher ahead of an OPEC meeting later in the day. STOCKS - The MSCI All-Country World index, which tracks stocks in 47 countries, was up 0.2 percent in the European morning but down 1.3 percent on the week, its worst weekly showing since mid-March. BONDS - Treasuries traded sideways in consolidation mode ahead of the Wall Street opening bell. COMMODITIES - Oil prices rose on uncertainty ahead of a meeting of the Organization of Petroleum Exporting Countries (OPEC) and other major producers including Russia starting in Vienna later in the day. CURRENCIES - Sterling was half a percent higher against the dollar on Friday, extending gains made the previous day after the Bank of England's chief economist Andy Haldane unexpectedly joined the minority of policymakers calling for a UK interest rate hike, citing concerns about growing wage pressure. ECONOMIC DATA - CAD CPI m/m and Retail Sales due at 8:30, US Flash PMI at 9:45 ET.

World Headlines 2018-06-22

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