Asian, European markets mostly rise as US default fears recedeA pedestrian wearing a face mask walks past an electronic board displaying the closing numbers of Nikkei 225 index in Tokyo on November 9, 2020, as Asian markets react to results of the US presidential election. "We do see scope that markets can start to price in a more aggressive Fed funds rate hike cycle." Despite the strong advances across global markets, analysts remain wary about the outlook in light of a range of issues that have been dogging investors for months. "Risk appetite remains fragile with many factors agitating the markets including slowing economic growth, inflation and geopolitical risk catching investors' attention," said Louise Dudley, of Federated Hermes. "In particular, the supply chain challenges and inflation mean that companies are facing headwinds at both the top and bottom line."

Source: Philippine Star October 08, 2021 03:11 UTC