Rampant inflation is the reason for stock markets gains ...IT IS NOT A GOOD SIGN !

Stock markets buoyed by hopes of Ukraine ceasefire they say - in fact the rising stock markets means that "inflation is rampant"

Wall Street has opened higher and European stock markets have been buoyed by news of an apparent ceasefire agreement between Russia and Ukraine. Ukraine said its president Petro Poroshenko had agreed steps towards a “ceasefire regime” with Russia’s Vladimir Putin, but the Kremlin denied a deal had been struck, creating confusion on the eve of a NATO summit.However, Putin later said his views and those of his Ukrainian counterpart on finding a political solution to the conflict in eastern Ukraine were “very close” and held out hope that an agreement between Kiev and the pro-Russian rebels could by reached by Friday.The FTSE 100 index in London is up nearly 60 points at 6888.67, a 0.9% gain; the Dax in Frankfurt is 135 points higher at 9641.98, a 1.4% rise; and France’s CAC has climbed nearly 50 points to 4428.11, a 1.1% increase.Russia’s dollar-denominated RTS index jumped 5.5% while the rouble-based Micex gained 3.6%. The rouble gained 1.9% against the dollar.