29 January 2018

Bassanese Bites: Melt Up – Week beginning: 29 January 2018

It was another strong week for global equity markets thanks to ongoing good economic data across a range of countries and a solid start to the US Q4 earnings reporting season.  The IMF’s upgrade to global growth forecasts and Washington’s deal to avert – or at least delay – and extended US Government shutdown also helped bolster sentiment.  Perhaps remarkably, bond yields were broadly unchanged and the $US slipped further – the latter not helped by comments from US Treasury Secretary Mnuchin in support for a weaker greenback.

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