LONDON—Global shares were steady on Friday as investors scrutinized inflation data from both sides of the Atlantic to cap a rollercoaster quarter for markets that upended bets on interest rates peaking.
Oil was poised for its first monthly gain this year, as a big drawdown in U.S. oil stocks outweighed concerns that fuel demand will be dented further by more hikes in borrowing costs.
The dollar was on track to reverse two quarters of losses against six major peers on the prospect of more U.S. interest rate hikes to tame inflation. Gold was set for its worst quarter since September last year on expectations of more rate hikes….