As at the 31 October 2022
Observations from October.....
Developed market shares lifted over the month of October, despite negative news facing investors.
Locally, Australian bank stocks soared over the month, whilst the big miners declined.
In the US, the Federal Reserve confirmed that tighter monetary policy was required in the face of high inflation numbers, and signalled that economic pain was likely as a result.
The European Central Bank raised interest rates by 75 basis points and acknowledged that the Eurozone economy may slip into a recession.
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