GLOBAL MARKETS-Oil off ahead of producer meeting; stocks, dollar slip

Fri Apr 15, 2016 11:55am EDT
 
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* Caution ahead of oil producers' meeting caps stocks

* China economy grows 6.7 pct in Q1 as expected

* Shares steady after 2.5 pct weekly rise, at 2016 highs

* Oil dips ahead of Doha meet after 11 pct April jump (Updates with U.S. markets, changes dateline from previous LONDON)

By Rodrigo Campos

NEW YORK, April 15 (Reuters) - Crude oil prices fell on Friday ahead of a weekend meeting that could yield an output freeze by major producers, while the U.S. dollar and major stock markets edged lower but were set to post weekly gains.

Indexes were little changed on Wall Street for a second day, with the S&P 500 set to close its seventh positive week in the last nine.

The U.S. dollar index fell as traders cashed in after three days of gains and was weighed further by data showing U.S. industrial production fell more than expected in March, the latest indication that economic growth braked sharply in the first quarter.

Both the MSCI index of stocks across the globe and the S&P 500 hit their highest points of the year this week and emerging market stocks racked up their best weekly gain in a month. European shares fell 0.4 percent but were on track to post their largest weekly gain in two months.   Continued...