World markets have hunkered down ahead of the week's big central bank decisions, uncomfortable about inflation signals being sent by rising oil prices and wary of overexuberence about the proximity of peak interest rates.crude oil
Headline inflation rates are already backing up as a result of the energy price rebound and U.S. gas pump prices rose last week to $3.88 per gallon - the highest since October 2022. The risks of that scenario for U.S. and global sovereign bond markets may not yet be fully appreciated and a prolonged period of unpredictability may be in store, the Bank for International Settlements warned on Monday."Business models, trading strategies, that were predicated on that assumption are particularly vulnerable to current conditions," BIS economist Claudio Borio said.
With the U.S. autoworkers strike dragging on and a possible government shutdown also on the radar, visibility for policymakers and investors remains low.
Belgique Dernières Nouvelles, Belgique Actualités
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