Wage inflation should support Asian bonds

ôToday the story is inflation, inflation and inflation,ö says Michala Marcussen, Paris-based strategist and head of economic research at SG Asset Management, with Asian markets such as India and China both the initial sources and victims of changing economic conditions.She argues that the headlines about high prices in oil and food are only part of a global inflationary trend. Labour markets in emerging markets are the more important story.Marcussen expects inflationary pressures will…