World stocks near one-month lows as hawkish central banks hike rates

London — World stocks were stuck near one-month lows and government bond markets came under fresh selling pressure on Friday, a day after a slew of central banks jacked up interest rates and signalled that the fight to tame inflation was not over yet.

European stock markets opened lower and US stock futures were in the red, pointing to more pain for Wall Street where major indices on Thursday suffered their biggest daily percentage drop in weeks. Its hawkish message triggered a second day of heavy selling across European bond markets where yields on benchmark 10-year bonds jumped as much as 14 bps.

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