Inflation safari - bulls, bears and the elephant in the room
As investors and regulators scan for signs of inflation, there are those who smell a major correction in the wind
US stocks rose last week as Federal Reserve chairman Janet Yellen floated the idea of a reprieve from interest-rate hikes while JPMorgan Chase posted robust growth in quarterly profit.
If earnings from big banks such as Bank of America and industrial giants such as General Electric live up to expectations, more record highs could be set this week. And yet, some strategists say, it's hard to deny the sense of an ending to the bull market in trading patterns.
The recovery from the Great Recession has been nothing if not uno…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Bankers lose hope of London IPO revival for another year
Decarbonisation schemes are generating hot air
BOJ will hike rates if trend inflation accelerates, says Ueda
India tells spice makers to give details of quality checks after Hong Kong allegations
Eurozone business in services-led bounce in April, PMI survey shows
China’s surging steel exports are inflaming global trade tension