Risks on the rise for global stock markets, warns Chris Wood

A major rise in oil price will have the 'potential to aggravate inflation scare dramatically,' he says.

The possibility of inflation turning “sticky” and not being “transient” -- as most experts had earlier hoped -- may dent equity market sentiment across the globe, warn analysts.

The cautionary stance comes on the back of rising commodity prices, especially those of crude oil, which went past $84 a barrel this week, its highest level in three years, and have gone up a massive 96 per cent from a year ago.

“All this means mounting risks for stocks, most particularly highly valued growth stocks. If the trigger for the anticipated sell-off is to be rising inflation concerns and related Fed tightening concerns,