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Market View: Possibility of US rates reaching 6%, Indonesia’s rate hikes, UK fiscal statement
As world leaders gather in the resort island of Bali for the G20 Summit to discuss how countries can “Recover Together, Recover Stronger” from the pandemic, macroeconomic challenges such as inflation, slowing growth and US interest rate hike continue to weigh on governments and central banks. For one thing, Indonesia’s central bank is set to raise its interest rates by 50 basis points later this week, while further away, the UK is set to release its highly anticipated fiscal statement tomorrow. So what would all of these mean for markets, and what is the investment outlook ahead for us retail…
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