Weekly Insight - May 16, 2022
In the latest Weekly Insight: Hopes For A Soft Landing Fade
US indices experienced a sell-off week as investors worried that Fed’s tightening policy would drag the economy into recession when inflation data was still strong.
Despite inflation concerns and gloomy economic outlook, European equities closed higher last week.
Chinese stocks went up with the Covid-19 cases dropped in Shanghai and regulators reassured support to the economy boosted market sentiment.
The Chart of the week: US Dollar Hits Parity With Swiss Franc