Global Stocks' Gains Sharp For The Week On Tempered Inflation Outlook
NDTV
Commodity prices' decline allayed concerns about inflation and the prospect of rate hikes, boosting global stocks to significant gains for the week.
A recent decline in commodity prices allayed concerns about inflation and the prospect of rate hikes, causing stocks on international markets to surge on Friday and post significant gains for the week.
The MSCI global index jumped 4.8 percent for the week, ending three straight weeks of falls, and the S&P 500 increased 3.1 percent, its largest daily percentage rise since May 2020.
Indian equity benchmarks rose for the second straight session on Friday, capping off a positive week. The domestic indices followed overnight gains on Wall Street by Asian markets, which closed out the week on a high.
For the week, the S&P 500 increased by 6.4 per cent, the Dow increased by 5.4 per cent, and the Nasdaq increased by 7.5 per cent. A bear market was verified the previous week by the benchmark S&P 500. From a two-week low, US Treasury yields slowly increased.
