Osservatorio | May 2024
Falling inflation is the north star guiding financial markets today. Along with strengthening global growth.
At a glance:
Slowing labour costs, more stable commodity costs and the fading effects of lockdowns point to cooling consumer prices.
Figures for the first months of 2024 have been distorted by companies' new price adjustment policies.
The cost-of-living temperature will remain higher than in the decade before the pandemic, when risks were skewed towards deflation.
There are increasing signs of consolidation in the international recovery, thanks to China and the Eurozone.
Interest rates will fall, more on the short side than on the long side.
What are the portfolio choices and why active equity investment management is adding value again.
Insights from the recent Ceresio Investors manager research trip to Asia.