{"id":321155,"date":"2021-02-18T12:13:46","date_gmt":"2021-02-18T12:13:46","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=321155"},"modified":"2021-02-18T12:19:54","modified_gmt":"2021-02-18T12:19:54","slug":"world-stocks-slip-as-hot-oil-fuels-inflation-gyrations","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/02\/18\/world-stocks-slip-as-hot-oil-fuels-inflation-gyrations\/","title":{"rendered":"World Stocks slip as hot oil fuels inflation gyrations"},"content":{"rendered":"

World stocks were battling to avoid a second day of declines on Thursday as hints of rising inflation led by a one-year high in oil prices and the strongest copper prices in nearly a decade kept traders in check after a boisterous run up.<\/p>\n

Europe\u2019s share markets managed to scrape together some early gains as commodities bulls drove drillers and miners up 2.5% to offset disappointing earnings numbers from companies including Airbus and Orange.<\/p>\n

Wall Street futures were stuck in the red, though, and most of Asia\u2019s indexes had dipped overnight.<\/p>\n

While, China returned from its Lunar New Year holiday to the sight its central bank draining 260 billion yuan ($40.31 billion) from money markets, raising concern about backdoor policy tightening.<\/p>\n

\n

In South Africa, shares were set for their worst day in three weeks after a study showed that Pfizer\u2019s vaccine might not be effective against the country\u2019s aggressive COVID variant.<\/p>\n<\/blockquote>\n

The world\u2019s best-performing currency this year – the Turkish lira – climbed another 0.5% as the central bank maintained its 17% interest rates and reiterated it could raise them again if needed.<\/p>\n","protected":false},"excerpt":{"rendered":"

World stocks were battling to avoid a second day of declines on Thursday as hints of rising inflation led by a one-year high in oil prices and the strongest copper prices in nearly a decade kept traders in check after a boisterous run up.<\/p>\n","protected":false},"author":4,"featured_media":319920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-321155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets"],"yoast_head":"\nWorld Stocks slip as hot oil fuels inflation gyrations - egy-africa<\/title>\n<meta name=\"description\" content=\"World stocks were battling to avoid a second day of declines on Thursday as hints of rising inflation led by a one-year high in oil prices and the strongest copper prices in nearly a decade kept traders in check after a boisterous run up.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2021\/02\/18\/world-stocks-slip-as-hot-oil-fuels-inflation-gyrations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Stocks slip as hot oil fuels inflation gyrations - 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