NEW YORK — An index of global equity markets rose to a three-week high on Thursday after data showed U.S. inflation increased at its slowest pace since late 2015, boosting expectations that the Federal Reserve will hold off from increasing interest rates again this year. The dollar pared advances against a basket of major currencies, while U.S. Treasury prices gained slightly as simmering tensions with North Korea kept up demand for the safe-haven bonds. U.S. consumer spending rose slightly less than expected in July and annual inflation increased at its slowest pace since late 2015. Investors' focus will then turn to the monthly U.S. payrolls report, to be released on Friday. Advertisement Continue reading the main storyMSCI's world index, which tracks shares in 46 countries, was boosted by a higher open on Wall Street and rose 0.44 percent.

Source: New York Times August 31, 2017 06:21 UTC