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Government bonds rallied last week, credit markets shrugged off concerns around U.S. regional banks and EM markets rebounded
Global equity markets posted positive yet volatile performance during the week
Silver’s rising, who are its top producers and AI is writing faster than humans! Each week, the Syz investment team takes you through the last seven days in seven charts.
U.S. stocks rose for the week, recovering from the previous Friday’s steep sell-off, the S&P 500’s worst day since April. The rebound came amid easing U.S.-China trade tensions, dovish comments from Federal Reserve officials, and optimism from new deals in the artificial intelligence sector. The start of Q3 earnings season further boosted sentiment, as major banks like JPMorgan Chase, Citigroup, and Wells Fargo all beat expectations. By Friday, 12% of S&P 500 companies had reported, with 86% exceeding earnings forecasts, according to FactSet. However, gains were partly reversed on Thursday after two regional banks revealed loan issues linked to alleged fraud, reigniting concerns about credit risks and the health of smaller lenders.
Flash note
Global equity markets rebounded last week, recovering from 3 consecutive days of declines in late September
Credit markets experienced their sharpest weekly widening since early April last week while Government bond markets rallied
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