Global markets Just as Glenn Close shockingly sprang back to life in the climatic final scene of the movie Fatal Attraction, so it seems that US inflation could be rearing back into view. That’s the ghastly fear that’s now stalking Wall Street. Wall Street’s 5-week winning streak …

Global markets The US S&P 500 rose further last week – the fifth weekly gain in a row and a new record high, closing above the psychological 5,000 level. It remains in a strong uptrend. US 10-year bond yields ticked up from 4.02% to 4.17%, however, and …

Global markets The US S&P 500 rose further last week – the fourth weekly gain in a row and a new record high – and remains in a strong uptrend. US bond yields edged lower last week after a mini-move higher in previous weeks, as markets …

Global markets* My last Bassanese Bites blog of last year was on Monday 18 December. At the time, I expressed hope that the ‘soft landing’ scenario for both the Australian and global economy appeared increasingly possible for 2024 – indeed, Fed chair Powell was close to popping …

Global markets Bond and equity markets surged last week after a surprise dovish pivot by the US Federal Reserve. US 10-year bond yields dropped a lazy 0.32% to 3.91%, while the S&P 500 popped 2.5% higher. The $US also dropped 1.4%, helping the $A rise to …

Global markets Global equities inched ahead for a sixth week in a row and bond yields edged higher as both equity and bond markets took a breather after strong gains over the past month. Underlying the renewed caution, markets may well be questioning the aggressiveness of …

Global markets Global equities were up for the fifth week in a row as the remarkable bond rally continued. US 10-year bond yields dropped a lazy 0.27% to 4.2%, with markets getting very excited about potential Fed rate cuts next year. Importantly, this growing expectation does …

Global markets Global equities continued to grind higher last week as the main event – the Fed minutes – did little to dissuade markets from the view that the Fed has finished raising interest rates. With inflation continuing to ease and some signs of softening in …

Global markets Global equities rose for the third week in a row as a slightly lower-than-expected US CPI result led to a chunky decline in bond yields and increased hopes that the Fed has finished raising interest rates. A further easing in oil prices contributed to …

Global Markets Global equities eked out further gains last week despite a modest rebound in bond yields. As feared, it was a return to more hawkish commentary from US Fed chair Powell that was the main event – in particular, he indicated he was “not confident” …