October 20, 2021

GLOBAL MARKETS-Stocks rise as stagflation fears and energy prices ease

(Adds U.S. market open, NEW YORK dateline, byline)

* Global equity markets rally as energy comes off boil

* Germany sees shock 4% slump in industrial output

* Hopes build that U.S. can resolve debt-ceiling squabble

* Key U.S. employment data due on Friday

* Graphic: Global asset performance tmsnrt.rs/2yaDPgn

* Graphic: World FX rates tmsnrt.rs/2egbfVh

NEW YORK/LONDON, Oct 7 (Reuters) – World equity markets rebounded more than 1% on Thursday as hopes grew that Washington would resolve squabbling over the U.S. debt ceiling, while a global easing in energy prices tempered deepening fears of “stagflation”.

European bourses rallied off 2-1/2-month lows and Wall Street also jumped as steady crude oil and natural gas prices offered relief after a shock 4% drop in German industrial production highlighted supply chain disruptions.

German output of cars and auto parts…

Read full article here: www.reuters.com