Inflation, the reopening trade and the state of the European economy - Tom Stevenson

June 25, 2021

Fidelity International's Investment Director Tom Stevenson joins host Pamela Ritchie on the program to discuss his thoughts on the most recent FOMC (Federal Open Market Committee) meeting in Europe.  Headquartered in London, England, Tom shares his thoughts on inflation and the reopening trade.  Tom notes that the reopening trade in the UK is alive and kicking.  He says that people are starting to shop and spend, which indicates they are getting back to work.  At 2.1%, inflation in the UK was well ahead of expectations as it was originally forecasted to be closer to 1.8%.  Tom unpacks the events during the FOMC meeting and notes that the market reaction was not a surprise.  In this episode, Tom also looks at commodities, key investment themes in the long term, and shares his thoughts on the direction of the pound relative to the the US dollar.

Recorded on June 18, 2021. 

Transcript (PDF):