Global markets were higher on Friday, as the US market recorded its eighth straight positive week and volatility remains suppressed. This has been the longest string of weekly gains for Wall Street since 2013, as a strong Apple result buoyed confidence in the market. We move into the tail-end of the closely watched corporate earnings season in the US this week.
In other news, investors witnessed the appointment of a new US central bank chief – Jerome Powell. Looking at market pricing, the odds for a rate hike in December were unchanged at a high level and the prospect for another rate hike in March is growing.
Closer to home, this week also sees interest rate announcements by the Reserve Bank’s of Australia and NZ (on Tuesday and Thursday).
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