European stocks steady after yesterday’s rout, eyes on US inflation data | Malay Mail

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BRUSSELS, May 12 — European stocks steadied today after their worst selloff this year as strong earnings reports and signs of a speedy economic recovery offset concerns about a rapid rise in prices. The pan-European STOXX 600 index rose 0.2 per cent after falling almost 2 per cent on Tuesday as...

Wednesday, 12 May 2021 06:31 PM MYT

Ample liquidity, a global semiconductor shortage and a recent rally in commodity prices are adding to fears of inflation as developed economies gradually reopen after lockdowns. “What we’re not going to get an answer for and is really crucial is whether this increase in prices is transitory as the Fed is telling us or is it something more persistent that market is worried about.”

“We have a kind of central bank-sanctioned rally in commodities because they want the economy to run hot. That is great for industrials and materials and those stocks will continue to do well,” added Veitmane.

 

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