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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)

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