(Bloomberg) A gauge of global stocks fell slightly on Friday, trimming a first-half rally that’s defied rising interest rates and the risk of recessions in major economies.Most Read from BloombergSwitzerland Blocks Sale of Leopard 1 Tanks Bound for UkraineTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyA $100 Billion Wealth Migration Tilts US Economy’s Center of Gravity SouthPutin Claims He’s Back in Control. Russia’s Elite Isn’t SureSupreme Court Rejects Use of Race
Asian stocks opened lower Friday, trimming first-half rally in global equities. Treasury yields steadied following a surge Thursday on bets for further rate hikes that cast a shadow over markets.
Asian markets fluctuated Monday as traders weighed a bigger-than-expected drop in US retail sales and a Federal Reserve official's support for further monetary tightening. Analysts said that while the one percent drop in retail sales double what was forecast could give the US central bank more room to pause, it also revived worries that the world's top economy could tip into recession.