A Bear Rally Amid Hopes (again) of an Inflation Peak
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Wednesday 19th October 2022
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Equity markets have managed to climb again in the US, supported by earnings results, although NAB\\u2019s Ray Attrill describes it as a bear rally. There is still plenty of uncertainty around, evidenced by moves in bonds, in all directions. The BoE drove some of the movement when they announced they would resume bond purchases next month, on schedule, despite the diversion last week. New Zealand\\u2019s inflation numbers yesterday surprised on the upside, which begs the question, will we see the same with CPI for the UK and Canada today?
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