Global stocks rise, US yields fall as inflation slows - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 12/08/2022 22:07:00
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Global equity markets rose while US Treasury yields fell on Friday as investors tempered their expectations of the scale of the Federal Reserve’s interest rate raising cycle as falling oil prices helped to cool inflation.

Brent crude futures were down 1.43% at $98.16 a barrel while US West Texas Intermediate crude fell 2.02% to $92.42.Brent crude futures were down 1.43% at $98.16 a barrel while US West Texas Intermediate crude fell 2.02% to $92.42.

The MSCI world equity index, which tracks shares in 50 countries, was up 0.63%. The pan-European index gained 0.16%. All three main Wall Street indexes traded higher, led by stocks in technology, healthcare, communication services, consumer discretionary and financials.

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