Bassanese Bites: Tit for tat? – April 15 2024
Global markets – week in review
Rising Middle East tensions, a higher-than-expected US CPI report, and a soft start to the US earnings reporting season conspired to push US equities down for the second week in a row. Bond yields and the $US rose as US rate cut expectations were pushed back further. The market now expects no more than two US rate cuts later this year.
