STOCKS STRUGGLE AS OIL SURGE SETS STAGE FOR HAWKISH FED

STOCKS STRUGGLE AS OIL SURGE SETS STAGE FOR HAWKISH FED (Reuters)

Asian stocks struggled for headway on Wednesday while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.

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