Global Markets on High Alert as Food Inflation Risks Mount

Global markets are entering a relatively quiet phase ahead of the summer months, but several potential market-moving risks remain.

One area of concern is food inflation, driven by factors such as a strong El Niño event, higher energy costs, fertiliser shortages, and disruptions to grain shipments from Ukraine.

This could have significant implications for Asia and Latin America, which may feel the impact most sharply.

In terms of actual market-moving events, investors will be keeping a close eye on several key indicators this week, including US consumer spending data, Japan's GDP growth rate, gold prices, and UK inflation figures.