Saturday, 15 May 2021 09:02 AM MYT
The benchmark still fell 0.5 per cent for the week as a rally in commodity prices and signs of quickening US inflation raised fears about an earlier-than-expected interest rate hike by the US Federal Reserve. “We look at the valuation of markets and the valuations have favoured Europe for a number of years because it is more economically sensitive,” said Jeffrey Germain, investment group director at Brandes Investment Partners.
Minutes from the European Central Bank’s latest policy meeting showed policymakers set the stage for a June 10 showdown over the future of their emergency bond purchases when they met in April, but stopped short of discussing their next move.
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