(Adds close of European markets) * Powell repeats view on inflation, economic recovery * European shares sag after late dip in U.S. stocks * China data points to slowing recovery NEW YORK/LONDON, July 15 (Reuters) – A measure of global equity markets slid from near record highs, the dollar edged higher and bond yields fell on Thursday as investors mulled […]

Fox Business Flash top headlines for July 15 Check out what’s clicking on FoxBusiness.com. Fishermen are harvesting fewer scallops off the East Coast as the population of the valuable shellfish appears to be on the decline. Sea scallops are one of the most profitable resources in the Atlantic, and the U.S. fishery was worth more than $570 million at the […]

Market executive urges investors to diversify portfolios ‘prudently’ Summit Global Investments CIO David Harden shares his market picks and investment advice. U.S. stock futures remained lower Thursday morning after weekly jobless claims fell to a fresh pandemic low.  Dow Jones Industrial Average futures fell 178  points, or 0.51%, while S&P 500 futures were modestly lower and Nasdaq 100 futures ticked […]

* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv LONDON, July 15 (Reuters) – Sterling retreated further against the dollar and euro on Thursday, shrugging off another set of stronger economic data and focusing on the impending end of activity curbs even as COVID-19 infection rates climbed. Markets globally were in an uncertain […]

* Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, July 15 (Reuters) – The euro bounced off a more-than 3-1/2 month low against the U.S. dollar on Thursday after dovish comments by the Fed chief broke a recent spike in Treasury yields. In testimony to the U.S. Congress, Fed Chair Jerome Powell said the U.S. economy was “still a ways off” from […]