Marketmind: The waiting game | Reuters

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Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration

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…

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