Economic reports last week painted a varied picture: the U.S. posted solid retail sales and earnings despite higher inflation, Europe’s industrial output improved, and China’s growth picked up.
Japan and India saw inflation cool down, but inflationary pressures rose in the UK. Global stocks mostly showed little change, with bond yields easing, the dollar strengthening, and oil prices declining.
Gold continues to consolidate but appears near a technical breakout that could push prices higher. The impact of tariffs is emerging in inflation data, with investors adjusting their outlook accordingly.