Central banks are beginning to cut policy rates after rapid hikes, but persistent inflation pressures from fiscal deficits suggest higher-than-pre-pandemic interest rates; BlackRock prefer short-term government bonds and credit, while reassessing their equity overweight in Japan due to monetary policy uncertainty.
When it comes to savings, the 20 per cent rule is often quoted. This savings tips article from MeDirect explains this rule and why it is more than just a recommendation.
The week unfolded with mixed economic data from China and the eurozone, including shifts in global market sentiment influenced by dovish remarks from Fed Chair Powell amid disappointing US employment figures, driving UST yields down sharply and equity markets lower, while the dollar and oil prices also retreated amidst economic uncertainties.
BlackRock believe markets are prone to sudden shifts in risk sentiment, as evidenced recently by hopes for Fed rate cuts and a potential Bank of Japan hike, but these have not sparked a broad risk rally, with current market dynamics more influenced by sentiment around tech’s AI potential than earnings prospects.
Financial markets are on high alert as significant economic data releases and central bank decisions from the US and Europe are expected this week, potentially shaping the global economy’s trajectory. Key events include the Federal Reserve’s anticipated rate cut, US labor and housing market reports, and crucial European GDP and inflation figures.
MeDirect, Malta’s first digital bank and Epic, Malta’s leading communications services provider, announce a new partnership.
MeDirect is accepting applications from anyone interested in applying for the July 2024 issues of Malta Government Stocks.
Managing your investment portfolio effectively during the summer months can be a balancing act between staying informed and enjoying your well-deserved holiday.
Despite a tech-driven pullback this month as investors shift focus to smaller companies amid hopes for cooling inflation and Fed rate cuts, BlackRock remain optimistic about tech leading future returns and view pullbacks as opportunities to invest, maintaining an overweight position on the AI theme and U.S. stocks.
This week’s key data includes the US Q2 GDP print, a wave of corporate earnings, and Fed developments amid a blackout period, alongside significant global economic updates, including the IMF’s growth forecasts, China’s focus on technology, and unexpectedly high UK services sector inflation.
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