Stocks, dollar ease on growth, inflation concerns

Published by
Reuters

By Herbert Lash NEW YORK (Reuters) -The dollar eased and a gauge of global equity markets fell on Monday despite strong manufacturing data as investors worried about the potential for renewed U.S.-China trade tensions and rising inflation as oil prices surged to multi-year highs. U.S. Treasury yields rose on investor caution about the need to raise the government’s debt ceiling as the United States faces the risk of a historic default in two weeks. Oil jumped after Reuters reported the Organization of Petroleum Exporting Countries and allies would stick to their current output policy instead o…

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