LONDON |
LONDON (Reuters) – After a blockbuster January for both equities and bonds – rallies that caught many in the market by surprise – investors will be paying keen attention to the world’s central banks in the coming week for signs of continued easy money.
They will also be closely watching negotiations over a second bailout deal for Greece, while Chinese data on trade and inflation and a heavy week of corporate earnings all lie ahead.
Investors are having to adjust quickly to signs that global economic growth, though very fragile, may be turning out to be better than many had thought likely.
“We expected the equity market to weaken in Q1 before staging a strong recovery around Q2 at the weakest point of the economic cycle,” said Peter Oppenheimer, chief global equities strategist at Goldman Sachs.
“We have been wrong so far,” he said, adding that significant headwinds remain, and corporate profits and activity are likely to be stagnant at best.
The European Central Bank,
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