Beyond the headlines
Soft landing narratives have remained in vogue in financial markets in recent weeks, partly due to weaker-than-expected US inflation data. In contrast, this week’s stronger-than-expected UK service sector CPI inflation data unsettled investors and probably played a role in the Bank of England's decision to keep interest rates unchanged. In our charts this week we home in on:
· US inflation surprises
· Wage growth in the US and Europe
· European political uncertainty
· China’s property market
· Japan’s trade
· Global equity sector returns
The skinny
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