Daily Alert: Back on the bandwagon
- After a brief reprieve last week, global markets were back on the higher interest rates/lower equities trade overnight as stagflation concerns flared up again
- A stronger set of European inflation figures set the tone
- European bond yields bounced 6-8bps on the inflation data with key equity indices across the continent down 0.9% (Spanish Ibex) to 1.4% (French CAC)
