Bassanese Bites: Hope springs eternal – October 31 2022
Week in review
Better than feared Q3 US earnings results and ongoing hopes of a dovish Fed ‘pivot’ helped propel global equities higher again last week – despite signs of still-high US inflation and weakening economic growth. Hope on Wall Street still springs eternal. As evident in the chart set below, US 10-year bond yields also enjoyed their first weekly decline since late July – while the $US has also eased back in recent weeks, even as oil prices have moved higher.
