Stocks steady as oil cools; Treasury yields hit four-month high – The Zimbabwe Mail

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A trader works at the Frankfurt stock exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Timm Reichert

LONDON/SINGAPORE, April 8 (Reuters) – Global shares were little changed on Monday as oil prices retreated from a six-month peak, while U.S. bond yields hit their highest since late November as investors continued to rein in bets on Federal Reserve interest rate cuts.

Europe’s STOXX 600 index, opens new tab was 0.24% higher in early trading after falling 1.2% the previous week, with Germany’s DAX , opens new tab up 0.54% after better-than-expected industrial data lifted the mood.

U.S. S&P 500 futures were flat after the index fell 0.95% last week. Nasdaq futures, opens new tab were also unchanged.

Stock markets have made a rocky start to the second quarter as the risk of a broader conflict in the Middle East has pushed up oil prices. Strong U.S. economic data has also added to investor concerns about how…

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