Weekly Brief (Nov 30 to Dec 4) Wasn't the week a barrage of conflicting messages and events! Volatility in financial markets picked up steam though hardly in logical consequence to the news. Correlation between assets and markets became close to 100% in US and Europe: as stock prices rose, yields rose, too, as did gold and silver prices, at least the last 2 days of the week. In Asia, however, markets moved in range, almost unperturbed by the hectic in developed world. Equities in US & EU The week started off with US and EU equities drifting gently lower, then a boisterous upswing on Tuesday, December 1st, yet erasing it on Wednesday. Thursday brought more downside and traders braced themselves for a negative weekly return. But on Friday, equities rallied strongly, ending the week close to the levels where it began. Bonds US Bond yields had been falling for almost a month, yet on Thursday, they rose 20 basis points for the 10-year Treasury bill, dropp...
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