The NIC Fund investment outlook for the month of March 2011 is now out!
Uncertainty and times of change characterize the upcoming month of March. Markets are expecting announcements and verdicts taken by the EU with regards to the sovereign debt crisis and the recovering European economies. In a time where the question is no longer if Portugal will ask for external help, but when will it ask, one wonders…will interest rates rise, and if so, how much will that hurt the peripherals?
Rising inflationary pressures, upcoming interest rate hikes by the BoE and the ECB, MENA’s geopolitical distress and peripherals’ agony will be the primary cause of such behaviour. The soaring path of commodity prices will most likely maintain a similar price momentum, that is unless Muammar Gaddafi retires. Oil prices will remain volatile, and the NIC’s worries are focused around Bahrain and whether the protests escalade in one of the biggest players in the ME . The refuge on gold and precious metals will be influenced by dollar turnover and release of inflation figures.
Link for the full report with trade proposals for the next month right here.
0 Comments