Risk-off sentiment continues to dominate global markets. Although there have been hints that the worst of the selling has passed, there’s still plenty of room for skepticism, based on trends for key markets via a set of ETF pairs for prices through Thursday’s close (Nov. 17).
Daily Archives: November 18, 2022
Macro Briefing: 18 November 2022
* N. Korea fires ICBM into sea near Japan in ‘brazen violation’ of UN resolutions
* UK finance minister warns of hard times ahead for Britain’s economy
* Rate hikes have had ‘limited effect’ on US inflation, says St. Louis Fed president
* US mortgage rates fell sharply last week
* Philly Fed Mfg Index slides in November, dropping to lowest level since May 2020
* New filings for US jobless benefits remain low for week ending Nov. 12
* US housing starts fall sharply in October:
