, with signs that inflation has peaked spurring bets the Fed will dial back its rate hikes soon. Global equity funds pulled in $7.1 billion in the week through Aug. 10, strategists led by Michael Hartnett wrote, citing EPFR Global data. Bond funds saw inflows of $11.7 billion, while $4.3 billion was pulled out of cash.
fell on Friday, but was still on course for a weekly gain as traders weighed the prospects of higher demand this winter against the potential for extra supply from Iran.The S&P 500 rose 1% as of 12:26 p.m. New York timeCurrenciesThe British pound fell 0.6% to $1.2131The yield on 10-year Treasuries declined three basis points to 2.86%Britain’s 10-year yield advanced five basis points to 2.11%Gold futures rose 0.3% to $1,813.
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