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Risk Averse

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finance2 years ago

Market Sentiment Shifts as Risk Appetite Wanes

Global markets are turning risk-averse as Asian and European futures, as well as Wall Street, experience modest declines. Treasury yields have risen slightly, but the dollar has weakened against the yen. Oil prices continue to slip, while gold reaches a six-month high. China's central bank has announced measures to support private companies, but the market remains unimpressed. The approaching end of the month may lead to caution among investors who have seen significant gains. The oil market faces uncertainty ahead of the OPEC+ meeting on November 30. Inflation data from the US and EU is expected to show a dip, supporting market expectations of no further rate hikes and potential policy easing in 2024.