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Markets grind higher, supported by data flows

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Wall Street has pushed higher despite concerns over interest rates and inflation.
Michael M. Santiago/Getty Images/AFP (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Wall Street has pushed higher despite concerns over interest rates and inflation.

PHOTO: AFP

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SINGAPORE – The market seems to have got over the fact that central bank rate cuts may not be as big or as often as projected three months ago.

Despite concerns about sticky inflation and central bank inaction, global stock markets, as measured by the MSCI World Index, have staged a strong rebound of about 7 per cent over the past month.

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