• Last week the European Central Bank (ECB) kept its policy rates unchanged but looks confident that inflation will return to targets gradually.
  • In contrast, US inflation is showing some stickiness, but the Federal Reserve is likely to reduce rates this year.
  • These decisions, among other factors, would affect markets globally, and commodities such as gold.

Actionable Ideas

  • European quality bonds
    The prospects of ECB cutting rates starting in June could be positive for quality corporate credit that can withstand a sluggish economic growth environment.

  • Multi asset investing amid economic divergences
    An environment of diverging growth and inflation  across regions could offer opportunities across global asset classes, including gold.

Key Dates

15 Apr

US Retail Sales

 

16 Apr

China GDP, UK Labour market

 

17 Apr

EZ and South Africa CPI

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