Following the leader
A soft landing narrative has continued to shape sentiment in financial markets over recent days, supported by several factors. These include upbeat corporate earnings news, a sharp drop in oil prices, weaker-than-expected inflation data and US labour market resilience. In our charts this week we focus on:
· Oil prices and yields
· UK inflation
· China and traded goods price inflation
· EM portfolio flows
· The euro area banking sector
· Global equity sector performance
The skinny
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