- Wall Street still remains upbeat despite a growing energy crisis that threatens the economic recovery, widespread price increases, and mixed economic data.
- If energy costs seem poised to head much higher, the unbalanced global economic recovery could dent risk appetite and lead to some diverging market moves.
- Euro weakness has gained momentum after disappointing economic reading from Germany and the eurozone and as inflation pressures soar to the highest levels since 2008.
For further details see:
Week Ahead: Rising Prices Raise Stakes For Rapid Rate Increases