Stocks Show Resilience to Wall of Rates and Inflation Worries

Stocks Show Resilience to Wall of Rates and Inflation Worries
A man is reflected on an electric monitor displaying a stock quotation board outside a bank in Tokyo, Japan, on June 5, 2023. Issei Kato/Reuters
Reuters
Updated:

LONDON—Global shares were steady on Friday as investors scrutinized inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking.

Oil was poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will be dented further by more hikes in borrowing costs.