Global stocks head for weekly declines
Global stocks face their largest weekly drop since mid-July as persistent bond market strain and rising oil prices keep inflation fears alive. Meanwhile, the dollar weakens toward three-month lows amid growing concerns over mounting U.S. debt.
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Xurve View
Global equities headed toward their steepest weekly drop since mid-July during Friday midday trading, driven by persistent strains in bond markets and escalating geopolitical tensions. The sell-off reflects growing anxiety over persistent inflation and expanding sovereign debt burdens worldwide. Investors are reallocating capital into safe-haven assets as borrowing costs climb across major economies.
