May 12, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: Inflation and interest rate fears have taken root in investors' minds
Increased inflation signals, such as the rise in commodity prices or inflation expectations in the US to the highest level since 2006 or the strongest price increase at the producer level in China since 2017, are feeding inflation fears as well as expectations of an earlier than previously anticipated turnaround in interest rates by the major central banks. Led by a continued global sell-off in technology stocks, equity markets across the board had to absorb sometimes heavy losses. The focus is now shifting to the consumer price data from the US, which will be published today.