Saturday, 29 May 2021

Markets rise, US inflation jumps

Markets were mostly higher on Friday.

The S&P 500 rose 0.1 percent, the STOXX Europe 600 rose 0.6 percent and the Nikkei 225 surged 2.1 percent.

Investors largely shrugged off a report showing that the US core personal consumption expenditures index rose 3.1 percent in April.

“Inflation pressures might get worse before they get better,” wrote Jefferies economist Aneta Markowska.

Jamie Cox, managing partner at Harris Financial Group, said that in the meantime, with real yields still low, this is “the transitory sweet spot”.

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