US inflation came in higher than expected, rising 3.5 per cent year on year in March. Bond and stock prices fell on the back of the news and the market pushed back on its summer rate cut forecast as inflation continues to prove stickier than previously expected.
Eurozone inflation fell below expectations to 2.4 per cent in March. Inflation fell from the 2.6 per cent reported in the previous month and helped bolster expectations that the European Central Bank will cut interest rates by the summer with most analysts expecting policymakers to cut rates in June.
UK shop price inflation in March fell below 2 per cent for the first time in more than two years.
February was generally a good month for equities with both Developed and Emerging markets posting gains while the UK was roughly flat over the period.
The Bank of Japan raised interest rates for the first time since 2007 as the country moves away from years of deflation.
US inflation unexpectedly rose to 3.2 per cent in February with the Federal reserve facing a small pushback on its fight against inflation.
This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.
I work for an advisory / professional firm or other eligible counterparty.
I will take responsibility for any jurisdictional restrictions that apply to the services described by this website in accordance with applicable law and regulation.
I have read and accept that Cookies are used on this website. I understand that a Cookie will show that I have accepted the terms to access this website.
I confirm that I am resident in the UK or other EU Country and I am not a US citizen.
I have read and accept that Cookies are used on this website. I understand that a Cookie will show that I have accepted the terms to access this website.
The content of this website may only be viewed by persons that meet either of the above conditions. If neither option is applicable please click here which will close this webpage.
