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…