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Daiwa: The stock market is supported, but the direction of interest rates may trigger a pullback
Mars Finance News, according to Jintiao, State Street Global Advisors’ Managing Director and EMEA Macro Strategy Head Tim Graft said that global stock markets have continued to rise over the past few days, but the rally is currently showing a bit of fatigue. He noted that the stock market is still supported, and if any factors trigger a pullback, it could be due to developments in the interest rate market, as well as the expectation that inflation has remained higher for the long term than many central banks’ target levels, forcing central banks to tighten policy.