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 …
Bassanese Bites: Eerie calm – March 27 2023
Global markets Last week an eerie calm descended on global markets. Equities squeezed out a second week of small gains while bond yields and the US dollar eased. Although all central banks that faced policy meetings went ahead and raised interest rates – from the United States …
Bassanese Bites: US economy remains firm despite market mayhem – March 20 2023
Global markets Global equities enjoyed something of a relief rally over the past week as the world’s financial regulators played ‘whack a mole’ as each new banking problem raised its head. The US S&P 500 bounced back 1.4% after a 4.5% decline the previous week. …
Bassanese Bites: Silicon Valley Bank: 4 critical questions for markets – March 13 2023
Global markets Global equities suffered a setback last week, resuming the downtrend in prices which has been evident since stronger-than-expected US economic data and “no landing” fears began to upset investors at the end of January. The week began with hawkish comments from Fed Chair Powell suggesting …
Bassanese Bites: RBA expected to raise rates again this week – March 06 2023
Global markets Global markets enjoyed somewhat of a reprieve last week, with steadier bond yields helping stocks lift for the first time in three weeks. The $US also eased. That said, US 10-year bond yields did briefly break above 4% last week for the first time …
Bassanese Bites: Markets fear “no landing” scenario as inflation stays strong – February 27 2023
Global Markets Stronger than expected activity data and stubbornly high consumer price inflation saw US stocks fall and bond yields rise for the third week in a row. Firm recent US activity and inflation data have markets fretting over a potential “no landing” economic scenario in …