Find out what Fed chief Jerome Powell’s testimony to Congress could mean for financial markets, and why Germany could save the day for European PMIs.
Global equities took another hit at the end of last week, and as we start a fresh week there is some concern that volatility could be creeping back into the markets and that tech has lost some of its lustre, along with gold, which also ended the week lower. The key driver of financial markets last week were central bankers, highlighting yet again how important they remain, politics and the pandemic, which also marks the 6-month anniversary since the World Health Organisation officially gave Covid-19 pandemic status. Below we take a look at the three things that investors need to watch out for this week.
- Fed chairman Jerome Powell testimony: Last week, the Fed formally announced its latest policy, Average Inflation Targeting (AIT), in