US and European equity futures rose Friday along with most Asian stocks amid optimism that the pandemic recovery can weather elevated inflation and tightening monetary policy.China’s stock market led Asian gains, while Japan climbed on confirmation of a stimulus package. Hong Kong struggled as Alibaba Group Holding Ltd. sank on a slashed revenue outlook, contributing to a drop in a gauge of Chinese technology shares.The travails of China’s tech firms contrast with the more optimistic mood around their US counterparts. Nasdaq 100 contracts outperformed after megacap tech helped lift Wall Street to record highs in a choppy session ahead of Friday’s options expiration.Treasury yields edged up and a dollar gauge remained on course for a fourth weekly advance. Commodities including crude oil, iron ore and copper pushed higher. Gold was little changed. Bitcoin extended a slide, dropping to about $56 000.Global stocks continue to hover near records, propped up by robust US corporate earnings growth. But price pressures that could accelerate interest-rate hikes and hamper the pandemic recovery are shadowing markets. Federal Reserve Bank of Atlanta President Raphael Bostic said that it would be appropriate to try to raise rates around summer next year.“You can come up with a very strong list of reasons why you shouldn’t be invested,” Kristen Bitterly, regional head of investments for North America at Citi Private Bank, said on Bloomberg Television. “The best way to combat that is really with the record-high profitability that we’ve seen and to recognize that not all parts of the market are created equal.”Global stocks continue to hover near records, propped up by robust US corporate earnings growth. But price pressures that could accelerate interest-rate hikes and hamper the pandemic recovery are shadowing markets. Federal Reserve Bank of Atlanta President Raphael Bostic said that it would be appropriate to try to raise rates around summer next year.“You can come up with a very strong list of reasons why you shouldn’t be invested,” Kristen Bitterly, regional head of investments for North America at Citi Private Bank, said on Bloomberg Television. “The best way to combat that is really with the record-high profitability that we’ve seen and to recognize that not all parts of the market are created equal.”Global stocks continue to hover near records, propped up by robust US corporate earnings growth. But price pressures that could accelerate interest-rate hikes and hamper the pandemic recovery are shadowing markets. Federal Reserve Bank of Atlanta President Raphael Bostic said that it would be appropriate to try to raise rates around summer next year.“You can come up with a very strong list of reasons why you shouldn’t be invested,” Kristen Bitterly, regional head of investments for North America at Citi Private Bank, said on Bloomberg Television. “The best way to combat that is really with the record-high profitability that we’ve seen and to recognize that not all parts of the market are created equal.”https://www.moneyweb.co