Bassanese Bites: Skip not pause – June 05 2023
Global markets Passage of the US debt deal through both the Senate and House in Washington helped support equity markets last week, as did a ‘Goldilocks’ US payrolls report on Friday. …
Bassanese Bites: Debt deal – May 29 2023
Global 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 …
Bassanese Bites: June pause – May 22 2023
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 helping to support stock prices. The S&P rose 1.6%, tentatively breaking above recent highs of 4,170 in late April and …
Bassanese Bites: Wage test ahead – May 15 2023
Global markets Global equities pulled back a little further last week with the S&P 500 inching back 0.3% after a 0.8% fall the previous week. The S&P appears to be struggling to break through the previous early February high of 4,119 after having reached a recent …
Bassanese Bites: Rate hike risks remain – May 08 2023
Global week in review Global equities pulled back a little last week under the weight of ongoing US banking concerns and the failure of the Fed to validate market rate cut expectations. The US S&P 500 is still trying to break above recent range highs, while …
Bassanese Bites: RBA’s dilemma: Hike or hold? – May 01 2023
Global week in review Despite a resurgence in banking woes, US stocks pushed higher last week – encouraged by falling bond yields, good corporate profits, economic resilience and inflation results not worse than feared …
Bassanese Bites: CPI Watch – April 24 2023
Global Markets It was another relatively subdued week in global financial markets with little major economic data. A key market focus was a bunch of Fed speakers suggesting at least one more rate hike is still on the cards next week, despite further signs of …
Bassanese Bites: RBA rate hikes still on the table – April 17 2023
Global markets Global equities inched further ahead last week – despite a lift in bond yields – as generally mixed economic data kept intact expectations for at least one more US rate hike in early May. …
Bassanese Bites: Mixed signals: Can the US avoid a hard landing? – April 11 2023
Global markets Global markets were buffeted by bittersweet news over the past week: growing signs of a slowing in the US economy, but also encouraging signs of an easing in inflation pressure. The question remains the same – will inflation slow sufficiently quickly to allow the …
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 …