Global Weekly: Still going strong

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Investors had a lot to chew on this week. The new Fed Chair was announced, the Bank of England increased its bank rate, Italy was upgraded by S&P and the earnings season is at full speed. Equity continued its way up.

Bond markets update

The US Federal Reserve (Fed) meeting of 1 November was in the centre of investors’ attention, after a week of mainly good news about the US economy. Growth over the third quarter, for example, was 3%, well above markets’ expectations. In the meeting, no rate hike was announced, but the Fed clearly prepared investors for one in December, while acknowledging that economic growth was “solid” and not only expanding “moderately”. A clear sign, as markets now anticipate a rate hike with a probability of more than 87%.
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