Aviso Weekly Market Pulse: August 18th – August 12th

Aug 22, 2022

Market developments

Equities:
Equities saw a strong rally after U.S. July inflation data was released mid-week, which was below estimated and showed inflation slowing. Investor sentiment was bolstered by the possibility that the Federal Reserve may be more dovish than previously anticipated.

Fixed income:
Yields remained relatively unchanged but were volatile over the week. U.S. high yield spreads continued their trend of strong tightening.

Commodities:
Oil rallied after the International Energy Agency raised its demand forecast. Copper rallied alongside the peaking inflation narrative and a more favourable assessment of the outlook for global growth.

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