Premarket: World stocks head for weekly fall, yields at multidecade highs as oil fuels inflation fears
The pan-European STOXX 600 rose 0.4% after a more than 1% drop in the last session.Nasdaq futures dipped 0.1% despite a more than 4% jump in chipmaker Intel following bumper results. Tech stocks have been under pressure this week as investors grow increasingly uneasy about multibillion-dollar spending on AI that has yet to yield conclusive evidence of paying off.Brent crude slipped 2% to US$98.7 a barrel, after surging 7% overnight to a two-month high of $102. Treasury that excess volatility in the currency was undesirable.Japan’s finance minister has repeatedly issued verbal warnings about a possible intervention in the currency market, after carrying out yen-buying operations in April and May.
- ▪The pan-European STOXX 600 rose 0.4% after a more than 1% drop in the last session.Nasdaq futures dipped 0.1% despite a more than 4% jump in chipmaker Intel following bumper results.
- ▪Tech stocks have been under pressure this week as investors grow increasingly uneasy about multibillion-dollar spending on AI that has yet to yield conclusive evidence of paying off.Brent crude slipped 2% to US$98.7 a barrel, after surging
- ▪Treasury that excess volatility in the currency was undesirable.Japan’s finance minister has repeatedly issued verbal warnings about a possible intervention in the currency market, after carrying out yen-buying operations in April and May.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountWorld stocks were headed for a weekly loss and long-dated bond yields hovered around multi-decade highs on Friday, as a near-40% rise in oil prices this month due to the intensifying conflict in the Middle East ignited inflation fears and expectations for rate hikes around the globe.MSCI’s all-world index inched 0.3% lower, headed for a second straight weekly fall. The pan-European STOXX 600 rose 0.4% after a more than 1% drop in the last session.Nasdaq futures dipped 0.1% despite a more than 4% jump in chipmaker Intel following bumper results.
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