Market Insight - November 2022

October was no different from the rest of 2022 for financial markets, with erratic movements in interest rates and on the main stock exchanges.

Investors’ sensitivity to inflation figures and monetary policy outlook remains high, and is the main driver of risk assets performance.

In this regard, the second half of the month saw the return of the “pivot theory” for key interest rates, following statements from certain members of the Federal Reserve, and Christine Lagarde’s comments after the ECB decided to raise its interest rates by 75 bps.

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