Global Stocks Rise Despite Bond Sell-Off and Oil Price Drop

Global stock markets were largely higher on Friday, despite concerns over a bond sell-off and drop in oil prices. The S&P 500 futures rose 0.3%, while Dow Jones Industrial Average futures also gained 0.3%. In early European trading, the FTSE 100 climbed 0.5% to 10,733.65, France's CAC 40 rose 0.5% to 8,118.32, and Germany's DAX advanced 1% to 25,514.28.

Japan's Nikkei 225 gained 1.3% to 66,364.20, while Hong Kong's Hang Seng slipped 1% to 24,510.09. Australia's S&P/ASX 200 fell 0.4% to 8,665.00. India's Sensex was up 0.3%. Markets in mainland China, Taiwan, and South Korea were closed due to a holiday.

The global bond market has been under pressure, with the yield on the US 10-year Treasury reaching its highest since 2007. The yield eased slightly to around 5.17% early Friday, after rising above 5.20% on Thursday from around 5.11% Wednesday.