Greg Gibbs, Founder, Analyst, & PM, Amplifying Global FX Capital Pty Ltd explained that they see higher US and global yields developing.
Key Quotes:
“Global equity market confidence may be returning, supported by conciliatory moves on US trade relationships with China, stability returning to the USD after a recent rebound, and a likely rebound in global economic reports in Q2.”
“Oil and broader commodity prices remain elevated and are indicative of higher demand.”
“They may further boost global inflation expectations.”
“Wage growth is rising more clearly in the major economies experiencing tightening labour markets.”
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