Week Ahead | Pacific Edge Soars Global markets were mixed on Friday, with the US market (S&P 500 index +0.15%) eking out a small gain, to end a volatile week in the green. Most cyclical and technology sectors rose, while the more rate sensitive healthcare, real estate and utility sectors ended in the red after US 10-year Treasury bond yields rose to 1.45%. In stock news, Nike shares fell -6.2% after the sneaker giant lowered its near-term outlook because of a prolonged production shutdown in Vietnam, labour shortages, and lengthy supply chain constraints and disruptions which will result in full-year sales to rise at a mid-single-digit pace, compared to low double-digit growth it previously forecast. The big news last week was Evergrande, and a domino effect for financial markets globally seems to be avoided for now. The Financial Times is reporting at least two local governments in China have taken control of sales revenue from E...