Saxo Bank: Market shifts from inflation concerns to growth concerns

Golden Ten Data reported on March 31 that analysts at Saxo Bank stated that as the war in the Middle East continues, the market appears to be shifting its focus from concerns over an inflation shock caused by surging energy prices to worries about a more pronounced growth shock. This shift is increasingly putting pressure on the stock market while providing support for bonds and gold, as investors are reassessing the balance between inflation risks and economic slowdown. Previously, soaring energy prices and the resulting market expectations of central bank interest rate hikes had put pressure on bonds and gold, pushing yields higher.