Global week ahead: Banking bellwethers and a tariffs waiting game
Skyscrapers on the skyline from the offices of the European Central Bank in Frankfurt, Germany, on Monday, Nov. 25, 2024.
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Next week, the CNBC teams are back on the road – and it’s all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the financials are in focus.
Investors will have until Sept. 11 to assess the impact, as the ECB breaks for the summer after this week’s meeting.
Inflation situation
In terms of the underlying economic conditions, Deutsche Bank warns that European inflation risks are “still being underestimated, with a remarkable complacency across key assets,” with the tariff impact yet to fully trickle through.
The bank’s macro strategist also told CNBC’s Squawk Box Europe that the Aug. 1 tariff deadline for negotiations between the U.S. and EU sets the stage for a late outcome to trigger a “very sharp market reaction.”
