Global Stock Market Insights for week ending 14th of October from Simplywall.St
Market volatility picked up again last week after the Bank of England said it will end its bond buying on Friday as planned, the IMF cut global growth forecasts, and inflation data suggested rate hikes are set to continue.
Market Insights for week ending 2nd September from Simplywall.St
Words carry a lot of weight in markets these days. Investors came to terms with the fact that rate hikes won’t be ending soon after commentary from Fed Chairman Jerome Powell re-affirmed that more rate rises are likely. The selling in equity markets this past week was broad-based, and even Energy stocks that have rallied in past weeks gave up recent gains along with the oil price.
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