(Stock Trading News) GLOBAL MARKETS-Global stocks in timid rise. nagged by inflation – guardian.co.uk
NEW YORK, May 22 (Reuters) – Oil retreated from its lofty new peak above $135 a barrel on Thursday, encouraging a small rally in global stocks supported by investors made more inflation-wary after crude’s powerful surge this week. The recent rise of commodity prices along with better-than-expected economic data this week in Europe and the United States shifted the focus of investors squarely on to inflation. Worries that the recent jump in oil prices would slow the economy pushed bond yields up and prices down sharply. European shares ended higher, lifted by telecom stocks and by banks that gained on consolidation talk, while Britain’s blue-chip share index edged down in a volatile session. Japan’s Nikkei average clawed its way into positive territory, erasing a 2 percent decline, spurred by the launch of a domestic fund and buying of energy-related stocks. Stocks elsewhere in Asia, gauged by the MSCI’s Asia ex-Japan index , declined 0. read more
Technorati Tags: index, stocks, oil, prices, rose, u, stock trading news
For more Stock Trading resources just click on any of the following links: Stock Trading , Online Trading , and Option Trading.