In the past few weeks, investors have started to pay less attention to inflation and more to the state of the economy.

Bond prices for Petroleos Mexicanos (Pemex) have been volatile this week as investors question how the company will pay off billions of dollars of debt that is due in the next few months.

El Salvador's government, which has been touting Bitcoin, is set to deliver on a $604 million bond maturing this week.

Economies around the world have been struggling to cope with a range of shocks - from Russia's invasion of Ukraine to China's ongoing zero-Covid measures - which have caused inflation to soar and activity to weaken.

European stocks fell Thursday, with investor sentiment souring after the previous day's gains.