The US stock market hit its 66th all-time high this year, setting the market up for its second biggest number of annual records ever, only behind that of 1995, as large cap technology companies continue to outperform with strong earnings and positive outlooks....

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It has been a mixed week for markets as US inflation data has once again exceeded expectations, coming in at 6.2% for the year ending in October, higher than forecasts of 5.9. Whilst on the positive side, company earnings results have continued to exceed expectations, with the majority of companies having been able to pass on rising costs to customers...

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The week started with markets hovering around record highs as investors awaited the latest responses by central banks to months of above-target inflation....

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Markets in the US and Europe made further gains this week, as a continuation of positive earnings results offset concerns over sustained inflation and economic data....

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Strong company earnings results helped propel global equity markets higher this week, despite rising inflationary concerns and expectations for rate hikes being brought forward.  US equities in particular recorded yet another new high, with Tesla, amongst others, reporting robust results for the third quarter despite ongoing supply chain issues...

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A flurry of strong company results this week helped alleviate investors’ fears over the impact on earnings of rising inflationary pressures and potential interest rate rises.  From Taiwan semiconductor manufacturer TSMC, through to Citigroup and the US drug retailer Walgreens Boots Alliance, all posted forecast beating results this week....

Equity markets rose this week, helped by US Congress reaching an agreement to extend the US debt ceiling, albeit temporarily, allowing the US government to avoid default and continuing to fund its activities until early December...

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Despite a Friday rally large-cap benchmarks recorded their biggest weekly drops since February and rounded out the worst monthly declines since the onset of the pandemic, seemingly weighed down by inflation and interest rate fears. 

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The major benchmarks overcame an early sell-off to end the week flat to modestly higher. On Monday, the S&P 500 Index recorded it biggest daily drop since May 12 and briefly dipped below its 100-day moving average, a closely watched technical level..

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Markets have been mixed this week as investors wrestle with a slowdown in economic growth, albeit from very high levels. This was accompanied by a slight moderation in US inflationary pressures, but with rising expectations for the emergency levels of monetary policy, to be gradually reduced in the coming months.  This has coincided with a regulatory crackdown in China on a range of businesses, from technology companies, online education, video gaming and casinos, creating uncertainty for investors....

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