Weekly Market Recap: Global Stock Markets Retreat Amidst Bond Yield Surge

Asia:

• Most Asian markets saw declines, except for Chinese stock markets, which rebounded with positive economic data.
• The Hang Seng Index rose amidst encouraging manufacturing PMI data from China, signalling an accelerated recovery despite ongoing challenges.
• Mainland China and Hong Kong have suffered significant losses over the past three years due to economic headwinds and the property crisis.

Commodities:

• Commodity prices surged, with crude oil and gold reaching record highs amidst heightened geopolitical tensions and a risky mood.
• Rising energy prices compounded concerns over inflation, dampening expectations for central bank rate cuts.

Outlook:

• Market sentiment remains cautious amid uncertainties surrounding central bank policies and the economic outlook.
• Investors closely monitor geopolitical developments, inflationary pressures, and upcoming economic data releases for further insights into market direction.

In conclusion, global stock markets faced headwinds this week, driven by rising bond yields and concerns over interest rate trajectories, highlighting the delicate balance between economic recovery and inflationary pressures. As markets navigate these challenges, attention remains focused on policy responses and economic fundamentals as clues for future market movements.