Inflation ‘Bump’ Spooks Pumped-Up Stock Markets – OpEd

By Frank Kane*

Global stock markets — the Saudi Tadawul included — suffered a surge of panic last week on the fear of higher inflation.

The main US indices, the S&P 500 and the Nasdaq, lost a couple of percentage points, with the former turning in its worst one-day performance since February. The Riyadh index continued...