Bassanese Bites: Debt deal – May 29 2023
Global markets
Concerns over US debt ceiling negotiations were the primary factor affecting global markets over the past week, with hopes that a deal is close generally hGlobal markets were fixated on US debt ceiling negotiations last week along with the meanderings of various Fed officials. The week ended with a report suggesting US core inflation pressures remain uncomfortably high. US equities and bond yields ended the week modestly higher – with the S&P 500 valiantly trying to emulate the NADAQ-100 in breaking above recent resistance.
