Bassanese Bites: Hot CPI ahead – July 25 2022

Week in review

It was a topsy-turvy week for global equities, with investors still unsure whether to laugh or cry in the face of mixed earnings reports and weakening economic data. In terms of major global markets, equities are still trying to stage a recovery, taking heart from falling commodity prices and bond yields even as this means growth is also weakening. The $US consolidated last week, partly reflecting the larger than expected 0.5% rate hike from the European Central Bank.

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