JUST BECAUSE WE CAN’T CALL IT TRANSITORY DOESN’T MEAN INFLATION IS HERE TO STAY
This week US Fed chair Jerome Powell added to market volatility by saying the term ‘transitory’ should be retired from the discussion about interest rates.
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STRONGER EMPLOYMENT NUMBERS POINT TO UK RATE RISE BUT THE INFLATION STORY REMAINS UNCHANGED
This week there hasn’t been much for markets to get excited about. Headline inflation figures were up a bit, but the underlying data still suggests pandemic disruption is the main culprit.
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INVESTORS WARY OF CONTAGION AS PROBLEMS WITH CHINESE DEVELOPERS’ DEBT RUMBLES ON
This week there was more drama from failed Chinese property developer Evergrande, which avoided default at the very last moment.
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GOVERNMENT BOND MARKET CAUGHT OUT BY BANK OF ENGLAND’S MESSAGE ON RATE RISES
This week the Bank of England caught a lot of people by surprise when it left interest rates unchanged.
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STRONG ECONOMIC OUTLOOK FOR THE UK SPARKS A DEMAND IN GOVERNMENT BONDS
This week the political theatre of the budget has dominated the headlines. While the event is one of the highlights of the Westminster calendar, the modern practice of leaking everything in it to friendly media outlets has made the event itself something of an anti-climax.
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BANK OF ENGLAND GOVERNOR SPARKS SELL-OFF IN SHORT DATED GOVERNMENT BONDS
This week we saw Bank of England Governor Andrew Bailey tell a conference of central bankers that the bank “will have to act” to address energy- driven inflation.
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CENTRAL BANKS LOOK TO DIFFERENT PATHS TO DEAL WITH HIGHER INFLATION
This week was especially turbulent as the ongoing energy squeeze and the baseless speculation about what that might mean for central bank policy rattled financial markets.
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GOVERNMENTS AND POLICY MAKERS WRESTLE WITH SURGING ENERGY PRICES
This week was especially turbulent as the ongoing energy squeeze and the baseless speculation about what that might mean for central bank policy rattled financial markets.
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MARKETS WAKE UP TO CHANGING OUTLOOKS FROM CENTRAL BANKS
This week we saw markets respond to higher inflation and the changing outlook from central banks.
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Autumn Outlook
Most developed equity markets produced positive returns as the ongoing economic revival outweighed concerns about the continued spread of coronavirus and growing supply-chain problems.
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