Global stocks decline to week low

Global stocks declined to their lowest level in a week amid rising oil prices and increasing expectations of a potential rate hike by the U.S. Federal Reserve. The surge in oil prices put pressure on investor sentiment, with Brent crude continuing to rise to around $106.87 per barrel. Meanwhile, U.S. Treasury yields increased, with the 10-year note reaching 5.25%. This rise in yields and oil prices led to a downturn in equities, as expectations grew that persistent inflation and higher borrowing costs would negatively impact economic growth and corporate profits. Markets remain influenced by anticipation of important upcoming U.S. economic and employment data.

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