* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. The Russian rouble stabilised near seven-year peaks on Friday, supported by capital controls and high prices for Russian exports, such as oil and gas, while OFZ government bond prices climbed higher.
Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook. The S&P 500 climbed 3.1% in its biggest daily percentage gain since May 2020, and the MSCI global index rose 4.8% for the week, snapping three straight weeks of declines. U.S. Treasury yields edged up from two-week lows.
Global stocks and bonds headed for their first weekly gain in a month on Friday, with growth concerns tempered by hopes that sliding commodity prices can help brake runaway inflation. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.4% on Friday, helped by short sellers bailing out of Alibaba (BABA) - which rose nearly 7% - amid hints that China's technology crackdown is abating.
If estimates that world markets face a record $4 trillion liquidity drain over the next 18 months are even close to accurate, hold on to your hats. That's how much analysts at Morgan Stanley reckon G4 central banks - the U.S. Federal Reserve, European Central Bank, Bank of Japan and Bank of England - will shrink their balance sheets by, via quantitative tightening, by the end of next year.
Japan's 10-year government bond yields tracked U.S. Treasury peers lower on Friday, as worries of aggressive rate hikes by the Federal Reserve triggering a recession weighed on sentiment.
Stocks on global markets rallied on Friday and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook. The S&P 500 climbed 3.1% in its biggest daily percentage gain since May 2020, and the MSCI global index rose 4.8% for the week, snapping three straight weeks of declines. U.S. Treasury yields edged up from two-week lows.
Stocks and bonds were both headed for their first weekly gain in a month on Friday as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities.
* Wall St ends solidly higher with tech, defensives. * Crude oil futures settle lower. * U.S. Treasury yields fall to 2-week low. By Caroline Valetkevitch. Stocks in global markets rose on Thursday as U.S. Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown.
* Energy, cyclical sectors lag. * Lower bond yields support technology, growth stocks. * U.S. business activity slows considerably in June-survey. * Indexes up: Dow 0.64%, S&P 0.95%, Nasdaq 1.62% By Lewis Krauskopf, Devik Jain and Sruthi Shankar.
The Canadian dollar weakened
against its U.S. counterpart on Thursday as investors weighed
the risk of a global economic slowdown and preliminary domestic
data showed factory sales falling in May.
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