Take Five: All about the data

Here’s what's coming up in the business and finance world next week

Ef:Busıness-Take-Fıve, Mtgfx

5/28/2022 12:30:00 AM

Here’s what's coming up in the business and finance world next week

It's all about the data. Investors are assessing how much U.S rate hikes are biting, whether euro zone inflation is near peaking and how damaging China's COVID lockdowns are for the world's No.2 economy.

This should seal the case for policy normalisation at the European Central Bank, which meets on June 9.The United States, Canada and New Zealand have opted for larger 50-bps rate hikes, given inflationary pressures they had underestimated. The ECB hasn't kicked off its hiking cycle yet and with inflation well above its 2% target, it may be time to get moving.

The sell-in-May-and-go-away adage applies to equities and yes, investors dumped stocks, especially those listed on the tech-heavy NasdaqBut softer data have brought buyers back to bonds, so equities have bounced. Yields on the global Bloomberg-Barclays index have slipped over 10 bps in May.

Read more: Reuters »

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