Evening Standard
‘Watershed for Europe’: ECB says it will ‘take whatever action needed’ as war in Ukraine wages
Alex Livingstone, Head of Trading at Titan Asset Management, said: “The ECB decided to leave rates at 0% today amongst the worrying socio-economic climate, despite the gorilla in the room that is surging inflation.
“Economists now need to question the tragic reality of if the Ukraine/ Russia conflict deteriorates or even stagnates how much more growth can central banks stimulate to avoid rife stagflation.”
The Guardian
As various experts have just pointed out, the rise in US inflation to 7.9% last month came before Russia’s invasion of Ukraine two weeks ago sparked dramatic surges in oil, gas, wheat, metal and other commodity prices.
John Leiper, Chief Investment Officer at Titan Asset Management, said:
US inflation is going to go up before it peaks and comes down again. The Fed is way behind the curve and markets are on edge. We see the current environment of heightened volatility lasting for some time.
If you can stomach the dramatic price swings (oil soared 10% before plunging as much earlier this week) then we continue to recommend real asset exposure across investment portfolios to hedge against inflation. We continue to like commodity equities and dividend paying equities within a diversified multi asset class portfolio
The Guardian
US inflation rises to 7.9%, another 40-year high
Alex Livingstone, head of trading of FX and ETFs at Titan Asset Management, said:
The ECB decided to leave rates at 0% today amongst the worrying socio-economic climate, despite the gorilla in the room that is surging inflation. Christine Lagarde’s decision to keep policy flexible comes as the latest US consumer price index numbers are expected to print at 7.9%, a stark reminder as to the costs of ultra-accommodative policy.
Economists now need to question the tragic reality of if the Ukraine/ Russia conflict deteriorates or even stagnates how much more growth can central banks stimulate to avoid rife stagflation.
Investment Week
US inflation hits fresh 40 year high of 7.9%
John Leiper, CIO of Titan Asset Management, predicted that “US inflation is going to go up before it peaks and comes down again.
“The Fed is way behind the curve and markets are on edge. We see the current environment of heightened volatility lasting for some time,” he said.
“If you can stomach the dramatic price swings (oil soared 10% before plunging as much earlier this week) then we continue to recommend real asset exposure across investment portfolios to hedge against inflation. We continue to like commodity equities and dividend paying equities within a diversified multi asset class portfolio.”
