Templeton’s Mobius Sees Stock Markets Rising on Inflation

Global stock markets are “bouncing along the bottom” after tumbling 16 percent in the past four weeks, and will start to climb as inflation accelerates, said Templeton Asset Management’s Mark Mobius.

The U.S. Federal Reserve hasn’t given up supporting the economy by printing money and buying more Treasuries, said Mobius, executive chairman of Templeton Asset’s emerging markets group. The firm is buying commodity stocks, expecting raw material prices to rise, he said.