The tightrope trick: World market themes for the week ahead

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What investors will be watching over the next seven days

How to dampen inflation without slamming the brakes on growth? That’s the tricky job central banks face. But as others grapple with soaring prices, we will see how hard China’s COVID lockdowns are snarling up trade and slowing its economy.

Germany’s ZEW sentiment index and preliminary Q1 UK GDP data will highlight the tightrope central banks are walking. And in emerging markets, Mexico, Peru, Malaysia and Romania are likely to confirm the rate hike cycle continues.Shoppers are seen wearing masks at a Walmart store, in North Brunswick, New Jersey on July 20, 2020.Is U.S. inflation peaking after the fastest surge in over 40 years? The April consumer price index, due on Wednesday, will show.

Iron ore, oil and copper prices are already wavering. In the teeth of a steep U.S. hiking cycle, the slowdown also bodes ill for the wobbling Chinese yuan and in turn, for the foreigners who have placed their money in local markets.A Sept. 10, 2011 file photo photo showing an oil rig near the town of Usinsk, northeast of Moscow.Banning Russian oil imports seems to be a question of when, not if, for the European Union.

April M&A rose 30% from March to $387 billion, and included mega deals such as Elon Musk’s $44 billion buyout of Twitter and a 58 billion-euro bid by a consortium for Italian airport and motorway operator Atlantia.Globally, more than $400 billion worth of deals have been announced since January but not completed, Refinitiv data shows.

 

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