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Global stocks on track for first back-to-back monthly gains since 2021

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Investors are betting that inflation has peaked and dipped back into equity markets. Read more.

The MSCI Asia-Pacific index, meanwhile, has ticked up 14 per cent so far in November and is set for its biggest 30-day gain in at least 10 years, Bloomberg data show.

Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq 100 added 0.3 per cent and 0.1 per cent respectively on Wednesday ahead of a speech by Federal Reserve chair Jay Powell, with investors hoping for hints about the path of the central bank’s interest rate policy. New York Fed president John Williams and St Louis Fed president James Bullard earlier this week suggested that despite its aggressive monetary tightening campaign and cooler than expected consumer price figures in October, the Fed still had work to do in its fight against inflation.Article content

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Global stocks on track for first back-to-back monthly gains since 2021Investors are betting that inflation has peaked and dipped back into equity markets. Read more.
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