Tim Waterer, chief market analyst at KCM Trade, said that gl...

Tim Waterer, chief market analyst at KCM Trade, said that global equities have now returned to “business as usual” after some early-week jitters.

“Markets are taking some comfort from US economic indicators, which are showing no signs of an imminent ‘hard landing’ with regards to growth,” he said, noting that home sales data, consumer confidence and durable goods data from the US all painted “a rather pretty picture of the economy”.

“However, if the data continues to reflect economic robustness, it probably won’t be long before financial markets again start to fret about the interest-rate implications,” he warned.