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Market Outlook: Three major central bank policy announcements
In the United States, Gross Domestic Product (GDP) grew more strongly than expected − at an annual rate of 2.9% in the fourth quarter of 2022 − although the overall picture suggests a clear economic deceleration in early 2023. Hopes of a soft landing initially provided support to stock markets, but before last Friday’s closing, US equities fell. Summing up the week between January 20 and January 27, America’s broad S&P 500 equity index gained nearly 2.5% while the Stoxx Europe 600 was up about 0.7% and Sweden’s OMXS30 large cap index was almost unchanged.
