Global equity rally extends on softer inflation – Deutsche Bank
Deutsche Bank strategists note a broad-based global stock rally, driven by lower oil prices, easing inflation expectations, and resilient US data. The S&P 500 and major European indices hit or approached record highs.
Global equities continued to rally, with Deutsche Bank strategists pointing to a combination of factors driving the move.
Lower oil prices and easing inflation expectations have provided a tailwind, while resilient US economic data has reinforced the risk-on mood. The S&P 500 and major European indices either reached new record levels or moved close to them.
Asian benchmarks also participated in the advance, indicating a broad-based improvement in risk appetite across regions.
The rally reflects growing confidence that inflation may be coming under control without a sharp downturn in growth.
Source: FXStreet Forex News