World Headlines 2016-08-12

RQ Cross Box: 2016-08-12

WORLD HEADLINES - Global stocks were headed for their fourth week of gains in five on Friday after a surge in oil prices helped propel Wall Street's three main indexes to co-ordinated record highs for the first time since 1999. STOCKS - MSCI’s global stocks gauge was little changed during the London trading session, heading for a weekly advance of 1.2 percent. BONDS - Government bonds are higher on the week, buoyed by optimism central banks will retain or enhance supportive policies as the economy expands, but at a subdued pace. COMMODITIES - Crude oil added 0.8 percent in New York, headed for a 4.9 percent weekly jump. Copper fell 0.7 percent in London, trimming its weekly gain to 0.5 percent. CURRENCIES - The Australian dollar dipped, sapped by the data from China, the big buyer of its commodities, although it too was within touching distance of a year-high. ECONOMIC DATA - US Core Retail Sales m/m and PPI due at 8:30, Prelim UoM Consumer Sentiment at 10:30 ET.

World Headlines 2016-08-12

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