Markets mostly rose on Friday.
The S&P 500 rose 0.2 percent to a record high and the STOXX Europe 600 rose 0.7 percent. However, the Nikkei 225 was flat and the Shanghai Composite fell 0.6 percent.
Comments from analysts on the US May inflation data released on Thursday indicate that they mostly remain sanguine about the prospects of the Federal Reserve tapering its monetary stimulus.
“While the May CPI report came in above estimates, the market was not too surprised and digested the data as transitory for now,” said Craig Johnson, technical market strategist at Piper Sandler.
Charlie Ripley, senior investment strategist at Allianz Investment Management, said that the Fed “will likely need additional evidence to determine whether upward inflation pressures will be more persistent”.
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