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Stocks, yields slip as investors await next catalyst

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  • Powell repeats view on inflation, economic recovery
  • European shares sag after late dip in U.S. stocks
  • China data points to slowing recovery

NEW YORK/LONDON, July 15 (Reuters) – A measure of global equity markets slid from near record highs, the dollar edged higher and bond yields fell on Thursday as investors mulled the Federal Reserve’s benign inflation outlook and upbeat assessment of the U.S. economy.

The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the U.S. labor market steadily gains traction while other data showed import prices rose solidly in June but have probably peaked. read more

Wall Street traded lower even as the four largest U.S. consumer banks posted blockbuster second-quarter results earlier this week that were above analysts’ estimates. read more

But investors are looking for visibility into future earnings as stocks have already surged in anticipation of stellar growth.

“We had…

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