Weekly wrap up! – 24 June 2022





European bond markets sold off as stock markets bounced. Bundesbank President Nagel warned yesterday that central banks must not respond to higher inflation with “too little, too late” and that “if monetary policy falls behind the curve, even stronger hikes in interest rates could become necessary to get inflation under control” which would lead to higher economic costs. German Ifo business confidence numbers came in weaker than expected this morning, which together with the disappointing PMI reports yesterday added to recession fears, but for now stock market sentiment is looking a bit brighter.

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Stuart Cowell

Head Market Analyst

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With over 25 years experience working for a host of globally recognized organizations in the City of London, Stuart Cowell is a passionate advocate of keeping things simple, doing what is probable and understanding how the news, charts and sentiment work together to provide trading opportunities across all asset classes and all time frames.


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