Market Insights Weekly

Global bond markets are under pressure from rising oil prices and persistent inflation. The ECB is poised to hike rates next week while other major central banks remain largely on hold.

Key Takeaways

• 1.The European Central Bank is expected to raise interest rates for the first time since September 2023.
• 2.Global bond yields rose as renewed Middle East tensions drove oil prices higher.
• 3.US inflation continues to track upward, with May CPI projected to rise to 4.2%.

Table of Contents

• Stronger data and oil lift global yields
• Policy divergence in focus: ECB set to hike
• US CPI and UK GDP headline week ahead
• UK GDP (Apr) – Fri 12 Jun (07:00 BST)
• UK GDP growth set to moderate sharply in Q2
• Weekly economic calendar

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