Oil Price Surge Fuels Inflation Concerns – US Bond Yields Rise Ahead of CPI Data – DAX Stalls – SAP Disappoints with Cautious Growth Target - Tesla Faces Profit Drop Despite Record Sales – IBM Disappoints at Red Hat – Google Achieves Breakthrough in Quantum Computing – US Government Considers Stakes in Quantum Firms IonQ, Rigetti, and D-Wave – West Pharmaceutical and LendingClub Impress and Medpace Raises Forecast

Oil Price Surge Fuels Inflation Concerns A strong rise in crude oil prices rekindles fears of potential inflation risks on Thursday and drives the yields of U.S. Treasury bonds higher. Crude oil prices spike temporarily by up to 5% after Washington imposes comprehensive sanctions on leading Russian oil companies – a step aimed at ending the Ukraine conflict. This development halts the three-day recovery rally in U.S. Treasuries , as the ten-year yield climbs three basis points to 3.98%. The S&P 500 (+0.43%) manages to show slight gains,...