Last week was tough for global equities, with most major indices trading lower following a “hawkish pause” from the Federal Reserve (Fed), sending Treasury yields and the US dollar higher
Pressures on the UK consumer remain front and centre. There is a focus on the extreme moves in mortgage rates and the potential impact this will have on the housing market and consumer spending. The government has brought forward its fiscal statement to 31 October in order to shore up market confidence.
It had seemed like COVID-19 trends in Europe were showing signs of progress, but last week brought further concerns about infection rates in the United States and Asia.
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