Stocks edge back up as oil prices pause climb but yields hover near highs

Global stocks recovered from weekly lows as oil prices paused their climb, with the S&P 500 up about 0.4% and European STOXX 600 gaining 0.8%. However, US 30-year Treasury yields held near 5.16% and German Bund yields hovered near multi-year highs as inflation and rate hike concerns persisted. Brent crude slipped 4% to $96.37 after surging on Middle East tensions, while the US dollar strengthened amid growing expectations of a Fed rate hike.