Despite fears of further falls after a torrid Thursday, US markets showed resilience on Friday. The Dow Jones and the S&P 500 were slightly down after markets opened (0.20% and 0.22% respectively0 while the Nasdaq was fractionally up.
Currency-of-last-resort gold saw its spot value surge past the $1,300 barrier earlier in the day
Trading across Asia weakened overnight following the Barcelona terror assault.
The Office of National Statistics claims July retail sales picked up 0.3% compared with June.
The dollar weakened overnight as US Federal Reserve minutes, released last night, detailed ongoing inflation nervousness
It was retail therapy for the US market as stocks such as Target, Urban Outfitters and Gap lead the S&P 500 higher
The pound dipped under $1.29 earlier to $1.2864 (3.55pm) while the euro was down to $1.1714.
China’s credit growth is perilously overheated the International Monetary Fund (IMF) has warned