MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

MNI BRIEF: Fed's Bowman Wants A More Effective Discount Window

MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

CLARIFY: JAPAN JUNE SERVICES PRICES +1.7% Y/Y; MAY +1.6%

MNI JAPAN JUNE CORE CPI +2.6% Y/Y; MAY +2.5%

MNI: UK JUL GFK CONSUMER CONFIDENCE INDEX -13

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPM Remain Overweight Inflation-Linked Assets as Inflationary Pressure to Persist

CROSS ASSET
  • In a note released earlier this week, JPMorgan remain overweight on cyclicals on the basis of persistent upside inflation surprises across developed markets, twinned with further accommodative monetary policy from global central banks.
  • JPM see equities and commodity markets as having the highest returns across H2, with earnings growth above trend throughout H2 2021.
  • On inflation, JPM continue to see both markets and economists as underappreciating current inflation risks. This backdrop further favours remaining overweight cyclicals, commodities, while holding an underweight position in credit.
  • They see higher real yields as weighing on precious metals, favouring overweight energy, funded by an underweight on precious metals.
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.