Key Points
LONDON (Reuters) -Global shares edged up on Friday while oil surged as the conflict in the Red Sea region appeared to escalate, while slightly hotter U.S. inflation data did not shift investors view that interest rates could soon start to fall...
U.S. stock futures held steady, while government bond yields fell, reflecting demand among investors for safe-haven assets...
Oil rose by as much as 2.6% after the United States and Britain said they had launched strikes from the air and sea against Houthi military targets in Yemen in response to the groups attacks on ships in the Red Sea, a dramatic regional widening of the Israel-Hamas war in Gaza...
This morning, the oil price has responded in a relatively measured way Brent is still below $80 a barrel and the fixed income market is responding from the perspective that this might well not be so great for growth, but it is not a concern from an inflationary perspective, so there is a slight flight to quality, but not something that is a game-changer, Daiwa Capital Markets head of economic research Chris Scicluna said...
Chinese inflation data showed the countrys economic recovery remained weak in December, with the consumer price index falling 0.3% from a year ago..
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