October 20, 2021

Stocks bounce but inflation fears persist

  • MSCI World index breaks losing streak
  • Wall Street gains but European stocks decline
  • Gold builds on Thursday’s 1.8% gain
  • Oil prices rise
  • Dollar, Treasury yields slip

NEW YORK, Oct 1 (Reuters) – Global shares bounced in volatile trading Friday with debate over the timing of future interest rate rises on both sides of the Atlantic intensified by euro zone inflation jumping to a 13-year high.

Earlier in the week, global shares suffered their worst rout since January with major U.S. and European indices feeling the heat. The S&P 500 (.SPX) suffered its worst month since the onset of the pandemic in September, reflecting concerns about COVID-19, inflation fears and budget wrangling in Washington.

The first day of October, the month for some of history’s most infamous market routs, marked a see-saw session with major indices repeatedly switching direction amid investor uncertainty.

MSCI’s gauge of…

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