Central Bank’s stepping into rate hike mode to cool red hot asset prices…oh…wait... Is the ECB’s lack of action a signal for European stock markets???
Monday – Quite economic calendar day, UK CBI Trends due.
Tuesday – Eurozone Flash Consumer Confidence data.
Wednesday – US Consumer Confidence expected to show month-on-month gain.
Thursday – Very active US Economic calendar, Consumption, Durable Goods, and New Homes Sales data on deck.
Friday – Japan Consumer Price Index data due.
Bank of England (BoE) made the move and increased interest rates because of the increased inflation risk, the US FED also on track to do make at least three rate hikes in 2022, meanwhile European Inflation has spiked higher as well, and the ECB remains firm that interest rate will remain low during 2022, with no interest rate change expected in 2022.
Will the ECB’s do-nothing approach set the stage for European stock indices to be the 2022 performance leaders? Got Euro’s earning a negative inflation adjusted return? Well, well well…'What will the outcome be? No one know yet.
Not investment advice. Past performance does not guarantee or predict future performance.
