US stock futures edged 0.1% higher after the Nasdaq Composite gained 1.05% to a record close, led by Nvidia, Tesla and Microsoft.
Markets face rising volatility as persistent, energy-driven inflation pushes sovereign bond yields to multi-year highs. In the United States, record domestic diesel prices exceeding $6.50 per gallon have spurred administrative debates over export restrictions, while deep selling in Treasury markets pushed the 10-year yield toward 4.9% and the 30-year past 5%.
Fed Gets a Reason to Wait (5-9 October)September’s soft US labor data cooled expectations for an immediate Fed hike, pulling the dollar below 102 and helping the euro and pound recover.
