Stocks up as commodity slide offers a salve for inflation fears

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Stocks and bonds were both headed for their first weekly gain in a month on Friday as investors wagered on central banks bringing inflation to heel, though growth fears dragged on commodities. Copper, a bellwether for economic output with its wide range of industrial and construction uses, slid 3% in Shanghai and is down more than 7% for the week – its sharpest weekly fall since the pandemic-driven financial markets meltdown in March 2020. Oil also fell overnight, and Brent crude futures are down 2% on the week to $110.62 a barrel, while benchmark grain p…

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