Stocks, Bonds Regain Footing After Inflation Jolt: Markets Wrap.

US equity futures and Treasuries rebounded after a slump triggered by higher-than-expected US inflation data, which raised doubts about an imminent interest rate cut by the Federal Reserve. The S&P 500 futures ticked higher, while Treasury yields retraced some of the previous day's surge. The inflation figures have ended a global bond rally that began in December. In the UK, inflation came in lower than forecast, easing concerns about price pressures. European markets were steady, with investors assessing earnings news. Swap contracts referencing Fed policy meetings were affected, with the odds of a rate cut in May dropping. Oil and gold prices were stable, while Bitcoin traded near $50,000. [Extracted from the article]