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A BNP Paribas weekly update says markets are turning back to macro data after the US avoided a debt-ceiling default. Inflation in the US, eurozone and UK came in above expectations, and Germany entered a technical recession.
The asset manager downgraded US equities to 'dislike' and remains constructive on emerging market Asia stocks.
Persistent inflation and tighter central bank policy raise financing costs and can weigh on global demand, which is a broad macro headwind for commodity markets.
bnpparibas-am.comChi LoJun 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
