US Inflation Print on Deck, Bond Selloff Intensifies

US stocks and Treasuries caught some respite as oil prices eased, with traders waiting for the August US inflation report for the clearest signal yet on whether the Federal Reserve will hike interest rates next week.

After surging yields and a rally in crude set the S&P 500 on course for its worst week since June, futures for the index rebounded 0.4%.

Europe’s Stoxx 600 gained 0.2%. Brent dropped toward $105 a barrel, while still on track for a nearly 10% jump since Monday.

Treasury yields fell, led by the short end. The Opening Trade has everything you need to know as markets open across Europe.

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(Source: Bloomberg)