April 2017 - ADIFO Global Market Review
Turning our attention away from the United States towards Europe, inflation for the Eurozone increased from 1.5% in March to 1.9% in April. Core inflation, excluding food, energy, alcohol and tobacco, rose to 1.2% from 0.7%, its highest reading since 2013. A reflationary Europe is a very good development for the global economy. With Europe’s political shocks relatively benign, coupled with positive economic surprises, this could potentially be a powerful combi-nation for investors.