Marketmind: Why the calm in markets won’t last

Published by
Reuters UK

A look at the day ahead in markets from Dhara Ranasinghe. Last week’s market turmoil that sparked the biggest weekly drop in world stocks since March 2020, has given way to a degree of calm. But don’t bet on it lasting. In short, until there are clear signs that inflation in major economies is coming down from decades-high levels, allowing central banks to step off the monetary tightening pedal, volatility will remain in place. News late Monday that IG Metall, Germany’s most powerful union, wants to push through wage increases of between 7% and 8% in an upcoming round of bargaining is a remind…

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