* U.S. stocks sharply higher early. * Copper falls again, oil higher. * Treasury yields edge up. By Caroline Valetkevitch. Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation.
U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan's chief global markets strategist, Marko Kolanovic, said on Friday.
* U.S. stock indexes eye first weekly gain in four. * Bank stocks mixed after Fed's stress test results. * Indexes up: Dow 1.05%, S&P 1.35%, Nasdaq 1.85% By Sruthi Shankar and Anisha Sircar.
* U.S. stock indexes eye first weekly gain in four. * Bank stocks mixed after Fed's stress test results. * Futures up: Dow 0.68%, S&P 0.72%, Nasdaq 0.77% By Sruthi Shankar and Anisha Sircar.
The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge whether the world economy is headed for recession. Business activity is slowing, many stock indexes are in "bear" territory, while higher borrowing costs are squeezing corporate and consumer spending.
Asian spot liquefied natural gas continued its upward trend this week as fears of further market tightening following a major outage at a Freeport plant and reduced Russian gas flows to Europe pushed buyers to cover short-term needs.
- Wall Street's main indexes soared on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve's rate-hike plans. The S&P 500 rose over 3% for its biggest one-day percentage rise since May 2020.
* S&P futures up 0.9%, European stocks gain 1.5% * MSCI world stocks eyeing 2.5% weekly rise. * Copper falls more than 7% on week, oil down 2% * German 10-year bond yields drop 4 bps. * By Carolyn Cohn.
* S&P futures up 0.7%, European stocks gain 0.82% * MSCI world stocks eyeing 2.4% weekly rise. * Copper falls more than 7% on week, oil down 3% * German 10-year bond yields drop 5 bps. * By Carolyn Cohn and Tom Westbrook.
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