- It was a positive day for risk assets yesterday with European and US markets all finishing in the green, buoyed by dovish comments from Fed members and unconfirmed reports of Chinese stimulus measures.
- Yesterday after the market closed, LVMH released Q3 sales figures which modestly missed consensus expectations as the post-pandemic luxury boom cools down with consumers struggling with inflationary pressures and the higher interest rate environment. (Comment Attached)
- Treasury yields fell the most since March as some Fed officials indicated that the tick up in yields over the course of recent weeks had tightened financial conditions sufficiently to bring down inflation.
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