Europe is in the spotlight this month, with a key European Central Bank (ECB) meeting and a pivotal German election that could have significant medium-term implications for the fiscal stance of Europe’s largest economy. We see the ECB’s forecast revisions reaffirming inflation will likely stay below target in the medium term, requiring further policy support.
Last week saw one of the biggest equity market wobbles we’ve had in a while, completely unrelated to the unrest. Rather, global investors were briefly spooked by the relentless spread of the Delta variant of the coronavirus, particularly in the US, but also in the UK and Continental Europe.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za