Global equities had a positive week after three weeks of negative performance. In the U.S., stocks had their best week since late July, as investors took advantage of attractive valuations.
Bond yields continued their upward movement across the developed markets. Canada’s and Europe’s central banks decided to hike their reference interest rate by 75bps in response to persistent inflation.
West Texas Intermediate finished the week around $86 a barrel, almost no change compared to the previous week. Crude Oil is about 40 dollars below this year’s high, but the market continues to be very volatile since Russia’s invasion of Ukraine.