This year’s selling looked excessive in developed-market shares ex-US and so the crowd continued to snap up stocks in this bucket during the trading week through Friday, Nov. 25. The rally delivered the strongest weekly gain for the major asset classes, based on a set of ETFs. But the return of risk-on sentiment may be short-lived if the eruption of widespread protests in China against Covid restrictions in recent days continues.
Daily Archives: November 28, 2022
Macro Briefing: 28 November 2022
* Protests broke out across China against Covid restrictions
* Public anger over China’s zero-Covid policy Covid creates political risks for Xi
* China reports third straight day of daily record for new Covid cases
* China reaffirms its zero-Covid policy after widespread protests
* Recession risk may be rising, but hiring remains strong
* US gives Chevron permit to restart Venezuelan oil sales
* Markets pricing in a softer rate hike for Dec. 14 Fed meeting
* Risk appetite is rebounding, driven by outlook for softer Fed policy:
