Week Ahead: US Banks’ Q2 Results, EUR/GBP In Focus Ahead Of Euro 2020 Final – Investing.com
- Date: 11-Jul-2021
- Source: Investing.com
- Sector:Financial Services
- Country:Middle East
Week Ahead: US Banks’ Q2 Results, EUR/GBP In Focus Ahead Of Euro 2020 Final – Investing.com
The biggest market storyline of the past week was undoubtedly around the idea that the global economy may be at, or even past, “peak inflation.”
From the resurgence of the delta variant to the worst one-week slide in yields in more than a year, to China easing monetary policy on the back of a soft reading, traders across the globe all woke up to the risk that price pressures may soon peak at once.
Looking at the data, so-called “base effects” from comparing economic data from this more “normal” economic environment to last year’s deep recession should start to fade soon, and both the 5- and 10-year market-implied US inflation rates peaked back in May, so there’s reason to believe that price pressures could fade in the coming months.
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