U.S. stocks halted a three-day slide, volatility eased and Treasuries slipped as markets began to stabilize after a week of verbal sparring between the U.S. and North Korea. The dollar fell after American inflation remained subdued.
The S&P 500 Index rebounded from its steepest drop since May, bringing a measure of calm to global equity markets that have been roiled by tensions on the Korean peninsula. The latest reading on core prices showed a below- forecast rise, making it tougher for the central bank to stay on its tightening course. That pushed the greenback lower and boosted gold.
The geopolitical confrontation has rattled markets, sending European equities to their worst week since Trump's election and the region's credit to its deepest slump in a year. The CBOE Volatility Index slipped Friday, paring a 62% surge over the previous three days that shattered a month of calm. Gold held near a two-month high and the yen briefly pushed through 109 per dollar.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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