silvia asieva

The World In A Week - Enjoy the silence

Written by Shane Balkham.

Another week was dominated by central bank meetings, interest rate decisions, and inflation forecasts.  The underlying commentary remains unerringly similar, and it would have been a simple exercise to simply rehash a previous ‘The World In A Week’ from earlier this year.

The European Central Bank raised rates and signalled that further rate rises are likely.  The Federal Reserve paused its rate hiking cycle, allowing it time to gather more data and reflect on its next actions.  This was caveated with the likelihood that more rate rises could be needed in 2023.  Mixed signals indeed.

The Bank of Japan meeting concluded with another month of inactivity, whereas the People’s Bank of China moved in the opposite direction and cut short-term borrowing rates, reacting to a broad slowdown in domestic retail growth.

Not every week delivers headlines that grab our attention, and it is important not to try and create or manufacture a story, as equally as it is not to become complacent.  Maintaining an appropriately diversified outlook is critical to navigate turbulent and quickly changing markets and that is something we are highly committed to at YOU Asset Management.

Any opinions stated are honestly held but are not guaranteed and should not be relied upon.

The information contained in this document is not to be regarded as an offer to buy or sell, or the solicitation of any offer to buy or sell, any investments or products.

The content of this document is for information only. It is advisable that you discuss your personal financial circumstances with a financial adviser before undertaking any investments.

All the data contained in the communication is believed to be reliable but may be inaccurate or incomplete. Unless otherwise specified all information is produced as of ^19th June 2023.

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by silvia asieva