Bassanese Bites: Fed to hold – October 30 2023
Global markets Global equities continued to sell off last week despite a fall back in bond yields and solid economic reports, with trigger-happy traders expressing disappointment with some tech earnings results. US 10-year yields tested 5% but ended the week at 4.84%. The S&P 500 dropped a …
Bassanese Bites: Global equities sell-off continues – October 23 2023
Global markets Global equities continued to sell off last week on the back of a further rise in bond yields. After easing the previous week, US 10-year yields surged back to end the week at 4.91% while the S&P 500 index dropped 2.4% Several factors drove the …
Bassanese Bites: Have yields peaked? – October 16 2023
Global markets US equities managed to squeeze out further small gains last week despite the lift in Middle East tensions and oil prices, thanks to a fall back in bond yields on the back of more dovish Fed commentary. …
Bassanese Bites: Oil concerns return – October 09 2023
Global markets US equities managed to squeeze out small gains last week despite a further rise in bond yields, likely helped by a slump in oil prices and easing US wage inflation. Even the NASDAQ-100 bounced back 1.8%. Whether this is merely consolidation remains to be seen, …
Bassanese Bites: Bonds behaving badly – October 03 2023
Global markets Despite benign US inflation data, the ‘no landing’ correction in global equities continued last week, with the S&P 500 down a further 0.7% and US 10-year bond yields rising 0.13% to 4.57%. If there was any consolation, US stocks were at least somewhat less …
Bassanese Bites: Hawkish pause – September 25 2023
Global markets The ‘no-landing’ correction in global equities continued last week, with the S&P 500 down a chunky 2.9% and US 10-year bond yields rising another lazy 0.10% to 4.44%. The key catalyst, of course, was the Fed meeting. While the Fed kept rates on hold …
Bassanese Bites: Fed fun and games – September 18 2023
Global markets Global equities consolidated last week despite a slightly higher-than-expected US core CPI and a further gain in bond yields. The ongoing rise in oil prices is emerging as a new market concern, while US activity data remained firm. …
Bassanese Bites: Oil slick – September 11 2023
Global markets Global equities pulled back last week as bond yields edged higher, with markets reflecting concerns regarding overly strong US economic growth and the ongoing strength in oil prices. …
Bassanese Bites: RBA to hold – September 04 2023
Global markets Continued ‘Goldilocks’ reports out of the United States helped support equity and bond markets again last week, with the S&P 500 rebounding for the second week in a row. US 10-year bond yields edged lower over the week to 4.18%, from an end-week high …
Bassanese Bites: Jackson Hold – August 28 2023
Global markets Soft economic data and a less threatening than feared Jackson Hole speech by Fed chair Jerome Powell allowed US bond yields to steady last week and stocks to recover somewhat. …