State Street: Stock Market Still Supported, but Interest Rate Movements Could Trigger Correction

Odaily Odaily reports that Tim Graf, Managing Director and Head of EMEA Macro Strategy at State Street, said: "Global stock markets have been in a continuous upward trend over the past few days. Therefore, I believe we are currently in a phase where this rally is showing signs of fatigue."

Tim Graf added that the stock market still has support: "I think, if there is any factor that could trigger a correction, it would be the movements in the interest rate market and the expectation that inflation might remain above many central banks' target levels for an extended period, potentially forcing them to tighten policy." (Jinshi)