A look at the day ahead from Sujata Rao.
So many question marks these days: will the inflation spike we are witnessing ebb? Will central banks resist temptation to significantly tighten policy? How much of a dampener is $80 oil for the world economy? Are China’s property sector problems a sign of a wider malaise?
These narratives have kept world stocks seesawing ever since they hit record highs in early-September. Wall Street futures are down half a percent while European shares look set for an even weaker open. Big losses in Asia earlier, with Hong Kong down more than 1%.
On bonds, softer growth data is failing to derail a selloff; 10-year Treasury yields are up some 30 basis points in three weeks and on Tuesday, two-year yields touched 18-month highs.
The impact of soaring energy…