FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 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.