Market Perspectives
Most major U.S. equity indexes finished the week higher despite sharp swings driven by the Federal Reserve's policy meeting, the escalating U.S.-Iran conflict and renewed volatility in artificial intelligence shares. The technology-heavy Nasdaq Composite led the gains, rising 1.59%, while the S&P 500 and the Dow Jones Industrial Average both advanced just over 1%. Across the Atlantic, the pan-European STOXX Europe 600 gained 0.73%, touching another intraday record high on Friday as stronger-than-expected corporate earnings and a recovery in artificial intelligence shares supported sentiment. Germany's DAX rose 2.11%, France's CAC 40 gained 1.64%, Italy's FTSE MIB added 0.71% and the UK's FTSE 100 advanced 1.23%. Asian markets were more mixed, with Japan's Nikkei 225 slipping 0.39%, while Hong Kong's Hang Seng Index rallied 3.69%, supported by strength in China's large internet platforms. Looking ahead, investors face the U.S.…
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BONDS & MACROECONOMICS
Government bond yields continued their relentless climb, with the U.S. 30-year Treasury yield rising above 5.20% for the first time since 2007 and ending the week around 5.27%, while European sovereign yields also reached their highest levels in more than 15 years. The Fed held at 3.50% to 3.75% with three officials dissenting in favour of an immediate hike.
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