News & Views

Global markets were mixed over the past week as easing inflation expectations were weighed against ongoing policy uncertainty and geopolitical developments. UK equities moved higher, supported by resilient large-cap stocks, while US markets finished lower amid a more cautious risk tone. Inflation forecasts continued to improve, with the IMF signalling further disinflation, while central bank policy, commodity price volatility and geopolitical developments remained key drivers

Global markets opened October on firmer ground, led by UK equities and record highs in precious metals. While U.S. gains were steadier, renewed political tension in Europe and volatile oil prices kept investors cautious. Inflation in the euro area edged above target, reinforcing expectations that central banks will hold steady as markets navigate a delicate start to the fourth quarter.