Friday, 16 February 2018

Markets rise, getting “comfortable” with inflation

Markets rose on Thursday.

The S&P 500 rose 1.2 percent, the STOXX Europe 600 rose 0.5 percent and the Nikkei 225 jumped 1.5 percent.

Leo Grohowski, chief investment officer of BNY Mellon Wealth Management, said that “the market is becoming more comfortable with the idea that a little bit of inflation will be OK”.

Joe Quinlan, head of thematic strategy at Bank of America Global Wealth and Investment Management, said “there is no need to panic” as non-recessionary market pullbacks “tend to be relatively short-lived”.

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