For a second week in a row, the major asset classes rallied, with a notable exception: stocks in emerging markets. Otherwise, risk assets continued to recover in the trading week through Friday, Oct. 28, based on a set of ETFs.
Daily Archives: October 31, 2022
Macro Briefing: 31 October 2022
* Lula reclaims Brazil’s presidency and beats Bolsonaro in narrow victory
* Eurozone inflation reaches new record high as economy slows in Q3
* Russia suspends grain deal that allowed Ukraine exports
* Goldman Sachs expects Fed rate hikes will peak at 5% in March
* China manufacturing and services sectors contract in October
* No end in sight for China zero-Covid policy
* Germany’s economic link to China in focus as chancellor heads to Beijing
* US consumer spending rose in September despite inflation’s bite
* Pending home sales in US fell fell further than expected in September:
