WS #15117
Inflationary pressures remain persistent, with France's CPI rising to 3.0%, the highest level since early 2024, complicating the European Central Bank's policy path. Simultaneously, OPEC+ is expected to maintain its current output targets, providing a floor for oil prices and supporting the energy sector's bullish outlook. These macro factors suggest that inflation remains a sticky headwind for global growth, limiting the scope for aggressive monetary easing.
Inflation & Macro Data
Inflationary pressures remain persistent, with France's CPI rising to 3.0%, the highest level since early 2024, complicating the European Central Bank's policy path. Simultaneously, OPEC+ is expected to maintain its current output targets, providing a floor for oil prices and supporting the energy sector's bullish outlook. These macro factors suggest that inflation remains a sticky headwind for global growth, limiting the scope for aggressive monetary easing.