Global shares rise as slide in oil prices soothes some inflation fears, while bond yields retreat

Global shares rise as slide in oil prices soothes some inflation fears, while bond yields retreat

Global equities rose Thursday as a drop in oil prices to six-week lows helped alleviate concerns about inflationary pressures, leaving government bond yields to ease back. US stock futures gained, signaling a stronger start to trading later in a day when investors will get a look at weekly employment data. Futures on the were up 0.3%, the up 0.5%, and the up 0.2%. Markets in Asia overnight were mixed, with Japan's initially gaining after reports the government will add another $490 billion in stimulus to support the economy. The index closed just 0.3% down. Hong Kong's benchmark fell 1.3%, lagging the 0.47% loss, after a 5.7% drop in Evergrande shares. The Chinese property developer on a firesale of its stake in streaming service HengTen Networks, as it scrambles to tackle its massive debt pile. In Europe, the was broadly changed near record highs. The region has become the epicenter of the next wave of Covid-19 infections, and investors have punished equities. In the last week, Frankfurt's , Madrid's , Milan's and Brussels' have fallen between 1% and 1.8% as a result. "The fragmented nature of some of the moves we are seeing appears to suggest that while investors are encouraged