A look at the day ahead in U.S.
Fear of the Fed saw 10-year U.S. Treasury yields soar to their highest in 16 years on Thursday and the S&P500 hit its lowest levels since June. World stocks captured by MSCI's all-country index recorded their worst day of the year so far - dropping 1.69%. Sterling and UK government bond yields continued to be the big mover as markets bet the Bank of England's decision to halt its rate rise campaign on Thursday meant peak rates are now in.
Elsewhere, oil prices nudged higher again on Friday as concerns that a Russian ban on fuel exports could tighten global.Microsoft's restructured $69 billion acquisition of Activision Blizzard"opens the door" to the biggest ever gaming deal being cleared, Britain's antitrust regulator said on Friday. The Competition and Markets Authority said the Ubisoft divestment"substantially addresses previous concerns".