Major U.S. stock indexes reach new highs and the 10-year Treasury yield headed for its biggest weekly increase since March as reflation trades regained appeal after U.S. President Biden sealed a $1 trillion bipartisan infrastructure deal with legislators, down from the $2.3 trillion Biden initially hoped to secure. The new infrastructure bill will include $579…
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U.S. markets suffer its worst week in nearly four months after Fed policymakers on Wednesday projected that interest rates would rise twice from record-low levels by the end of 2023, from their earlier forecast of 2024, a signal that the US central bank would act to tame inflation, an unexpected hawkish pivot as traders had…
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Markets were mixed during the week, with U.S. edging up (S&P 500 +0.4%) to new highs, while MSCI All World Index is down -0.3% (Hang Seng -0.7%, China CSI -1.1%, MSCI China -1.5%). This week saw U.S. Treasuries 10Y Yields drop 10bps – the biggest weekly drop in a year since last June and the…
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Markets continued their choppy advance with mixed trading in Asia during the week, with MSCI All World Index +0.8%, S&P 500 +0.6%, NASDAQ +0.2% but Singapore -0.9%, Hang Seng -0.7%, China CSI -0.7%. Weaker-than-expected jobs growth eased concerns about the economy running too hot and causing an early tightening of monetary policy. Nonfarm payrolls increased…
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