Key Highlights: US equity markets  extended their six-month winning streak, with the S&P 500 rising 2.27% in October, supported by robust earnings and optimism surrounding Federal Reserve rate cuts. The Federal Reserve  reduced interest rates by 0.25% to a range of 3.75%–4.00%, marking the second consecutive cut amid signs of a weakening labour market and easing inflation. European markets outperformed the US, buoyed by ECB monetary easing, falling interest rates, and Germany’s €500 billion...

Key Highlights: US equity markets recorded their best September since 2010, with the S&P 500 rising 3.5% and the Nasdaq gaining 5.6%. The Federal Reserve delivered its first rate cut in 2025, citing labour market weakness and moderating inflation. Gross Domestic Product (GDP) growth was revised higher to 3.8%, with data suggesting further strength in upcoming releases. Concentration risk persists in the S&P 500, with ~40% linked to AI and hyperscaler firms. Treasury yields diverged, with...

Key Highlights: US Producer Price Inflation  rose to 3.3%, marking the largest monthly increase since March 2022. The S&P 500  posted...