Is global inflation finally going to begin easing? Plus: PSG could skew the valuation field for major football teams
The wave of global inflation that has battered economies over the past several months appears to have peaked and could begin to decelerate over the coming months, the Financial Times reports, citing key indicators and economists. Several indicators — including the prices at which manufacturers are selling their goods to retailers and shipping rates — have begun to cool down, indicating that “price pressures on global supply chains are easing,” the salmon-colored paper writes. “Inflation is likely at its apex,” Mark Zandi, chief economist at Moody’s Analytics said. A cool off in price pressures and supply delivering restrictions “presage the coming moderation in consumer prices,” he said.
Qatari owners want to see PSG valued at EUR 4 bn ahead of stake sale: Paris Saint-Germain’s Qatari owners are in talks with potential investors — including two US funds — over the sale of a 15% stake in the football club based on a EUR 4 bn valuation, PSG President Nasser Al-Khelaifi tells the Financial Times. PSG’s prospective valuation would far outpace the EUR 2.5 bn at which Chelsea FC was purchased earlier this year.
Such a high valuation could boost price expectations among other big clubs: Liverpool FC, Manchester United, and Inter Milan are already looking at selling stakes or the entire teams, while keeping a close eye on Paris Saint-German to determine how much to ask for, the FT reports.