Summary
- Last week the European Central Bank (ECB) kept its policy rates unchanged but looks confident that inflation will return to targets gradually.
- In contrast, US inflation is showing some stickiness, but the Federal Reserve is likely to reduce rates this year.
- These decisions, among other factors, would affect markets globally, and commodities such as gold.
Actionable Ideas
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European quality bonds
The prospects of ECB cutting rates starting in June could be positive for quality corporate credit that can withstand a sluggish economic growth environment. -
Multi asset investing amid economic divergences
An environment of diverging growth and inflation across regions could offer opportunities across global asset classes, including gold.
Key Dates
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15 Apr US Retail Sales |
16 Apr China GDP, UK Labour market |
17 Apr EZ and South Africa CPI |
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