M&G's Ben Lord: 'Plenty' of opportunities following sell-off

Time to reverse some positions

clock • 3 min read

Any hope that US inflation may be peaking were dashed as a bleak US inflation report showed price rises accelerating in May.

The headline annual rate came in at 8.6%, up from the 8.3% seen in April, and above most forecasts. The increase was primarily driven by higher food and fuel prices, but there were also significant contributions from shelter (housing rents) and other areas, suggesting that inflation in the world's largest economy was becoming more broad-based. There has been no let-up in the pace of inflation in the UK either, with the annual rate reaching to 9% according to the latest data, and the Bank of England warning that price rises were likely to hit 11% by the autumn. Most risky asset classes...

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