WRAPUP 6-GLOBAL MARKETS-Stocks, dollar and oil cool ahead of Doha meeting

Fri Apr 15, 2016 8:16am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* 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

By Marc Jones

LONDON, April 15 (Reuters) - Reassuring Chinese GDP data helped stocks, commodity markets and the dollar consolidate strong weekly gains on Friday, as the focus turned to a meeting of top oil producers about a potential output freeze.

Moves in most markets were small in Europe but urges to lock in some profit was beginning to kick in after a 2.5 percent weekly rally in world shares, a strong run by the dollar and an 11 percent surge in oil prices this month.

European shares edged down 0.4 percent as traders top-sliced some the 3.5 percent gains they have made this week with Wall Street's main markets expected to drop slightly from 4-month highs when they reopen later.

The dollar had eased off the pedal too, having made more than 1 percent against both the yen and the euro this week, something of a turnaround after a weak start to the year.   Continued...