Market Watch

Inflation, recession fears to weigh on markets

There are signs that US inflation may be starting to moderate. PHOTO: AFP
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SINGAPORE- Stronger-than-expected May job numbers in the United States may have prompted a sell-down on Friday but the past week has not been as bad for financial markets as some had feared.

In fact, a bear market rally which began two weeks ago seems to have some legs yet, though how long the market can hold up amid prevailing concerns about inflation, monetary tightening and geopolitical risks is anyone's guess.

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