Stocks face worst month since September, yen swings after BOJ

LONDON, April 26 - Global stocks were teetering on Friday towards their worst month since September, although futures markets predicted strong tech earnings would spark a Wall Street relief rally later in the day and help traders recoup some losses.

Still, contracts that wager on Wall Street's tech-heavy Nasdaq 100 were almost 1% higher on Friday, while those on the benchmark S&P 500 index rose 0.8%, after earnings from Alphabet , opens new tab and Microsoft , opens new tab beat estimates. Markets are on high alert for Tokyo authorities to intervene to prop up the currency, in what would be an unconventional and politically tough decision.

"We underestimate the potential for something to go very wrong when you have a currency that is totally misaligned with fundamentals," he said.Ahead of the U.S. inflation data the two-year Treasury yield , which reflects short term interest rate expectations, hovered near 5% on Friday.

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