Bassanese Bites: Eerie calm – April 03 2023

Global markets

A further easing in global banking concerns and a slightly lower-than-expected US inflation report saw Wall Street advance for the third week. The S&P 500 rose a lazy 3.5%, to be 1.6% below its early February high – just before concerns over an overly strong US economy, and then the banking crisis kicked in.

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