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Interest rate worries leave doubts over durability of stock rebound

US and European indices climb more than 10% but inflation and recession fears stalk markets

©The Financial Times Limited 2020 Nov 24, 2022 / 11:42 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
Interest rate worries leave doubts over durability of stock rebound

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Nicholas Megaw in New York and George Steer in London US and European stocks have steadily recovered over the past two months, repairing some damage of the 2022 bear market. Yet some of the world’s biggest asset managers remain to be convinced the recent strength will last. Wall Street’s benchmark S&P 500 index was up 13 per cent from its recent low point before US markets closed for Thanksgiving on Thursday. Europe’s continent-wide Stoxx 600 has risen even more. October and...

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