Equity markets are pushing higher on Wednesday, buoyed by softer yields and some promising PMI revisions in Europe.
It would appear investors are increasingly coming around to the idea that central banks will be forced into cutting rates earlier than previously anticipated in order to support the economy. That would also suggest they anticipate inflation will subside faster than previously thought which would be welcome if true after a year of overshoots.
I'm sure this is a position that will ch
04-01-2023 09:08 GMT
by Craig Erlam