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Daiwa: The stock market remains supported, but the direction of interest rates may become a factor for a pullback
ME News, May 15 (UTC+8), Tim Graver, Managing Director of State Street and Head of EMEA Macro Strategy, said: “Over the past few days, global stock markets have been in a sustained upward trend. Therefore, I believe we are in the stage where this rally is showing signs of fatigue.” But he added that the stock market is still supported. “I think if there is any factor capable of triggering a pullback, it would be the movements in the interest rate markets, and the expectation that inflation may remain above many central banks’ target levels for a long time, forcing them to tighten policy,” he said. (Source: Jin10)