Stocks advance as dollar fall boosts oil
NEW YORK World stocks advanced on Friday and were poised for a modest gain to end the week as a drop in the dollar helped boost sagging oil prices.
COLLEGE STATION, Texas Dallas Federal Reserve Bank President Robert Kaplan said on Monday that he would support trimming the Fed's holdings in both mortgage-backed securities and U.S. Treasuries when it comes time to shrink the Fed's balance sheet.
"You might tailor the run off strategy to each type of security," Kaplan told reporters after an event at Texas A&M University.
(Reporting by Brad S. Morse; writing by Ann Saphir; editing by Diane Craft)
BRUSSELS German Chancellor Angela Merkel warned U.S. President Donald Trump on Friday that Europe would react in kind if the United States did not play fair in trade, while EU leaders also agreed to consider screening investments by state-owned Chinese firms.