Dear Reader,

Today's economic news and market action:

• Mixed tone to sentiment yesterday …
• Euro Stoxx 50 up 1%, but S&P 500 fell 0.9%, as risk appetite waned overnight …
• The main FX pairs continued to trade in narrow corridors …
• EUR/GBP opens this morning near the midpoint of 88-89p …
• GBP/USD is operating just below $1.21 …
• EUR/USD remains in the lower half of $1.07-1.08 …
• Quiet data schedule ahead today …

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The title of the International Monetary Fund’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.  For advanced economies, CPI rates are seen falling from an average 7.3% in 2022 to 4.6% in 2023 and to 2.6% in 2024. 

Got Sunshine on a Cloudy Day

The title of the IMF’s recent World Economic Outlook Update sums up the current state of the global economy quite well; “Inflation Peaking amid Low Growth”.

AIB's Economic Research Unit provides regular commentary on the domestic and global economy, currency and interest rate markets, and special commentary on key events...