Aviso Weekly Market Pulse: June 20th – June 24th

Jun 27, 2022

Market developments

Equities:
Broad equity markets delivered strong positive returns for the week. U.S equities broke a 3-week losing streak. Markets were bolstered on Friday by data from the University of Michigan Consumer Confidence Survey, which showed an easing of 1-year inflation expectations. Strong performance from the information technology sector also saw the techheavy NASDAQ index perform well. Market movement remains volatile and highly dependent on macro narratives around central bank tightening, inflation, consumer confidence, and growth expectations.

Fixed income:
Bond yields fell as slowing growth and recessionary fears offset concerns around higher central bank policy rates to tame inflation.

Commodities:
The commodities market continued its slump from the previous week. Higher prices and slowing demand have begun to take their toll on oil prices. Gold remained weak.

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