Premarket: Stocks, bonds in euphoric mood, oil subdued after sharp fall


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World stocks held near two-month peaks on Friday, while oil prices were set for a fourth week of declines in a boost for the inflation outlook and government bond markets that are increasingly confident interest rate cuts are coming next year. MSCI’s World Stock Index was steady near highs hit earlier this week, while European shares opened higher and U.S. stock futures pointed to a positive open on Wall Street later. Oil prices found more stable ground after sliding almost 5% on Thursday to four-month lows in a move that was blamed on economic and supply concerns, though technical selling...