Markets pause selloff as oil dips ahead of CPI data
Global stock and bond markets paused their recent selloff as oil prices retreated from four-month highs. Investors await the upcoming US consumer price report to gauge future interest rate hikes.
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Global bond and equity selloffs paused during Friday morning trade as Brent Crude Oil retreated 3.5% to $103.64 a barrel. The pullback follows a four-month peak of $109.97 reached after a 6% jump the prior day.
