Bassanese Bites: Eerie calm – March 27 2023
Global markets
Last week an eerie calm descended on global markets. Equities squeezed out a second week of small gains while bond yields and the US dollar eased.
Although all central banks that faced policy meetings went ahead and raised interest rates – from the United States and United Kingdom to Norway and even Switzerland – markets more broadly were generally relieved that there were no further major financial blowups.
