October market view
Mixed signals lead to stosk market instability
Greater geopolitical risk and new inflation figures
Both the Stoxx Europe 600 equity index and Sweden’s OMXS30 large cap index closed last week in the red, losing 1.17% and 0.07% respectively from September 29 to October 6. Stocks meanwhile closed higher in the United States, after initially being pushed lower by strong employment numbers. The S&P 500 index ended the week up +0.48%. Signals of progress in negotiations related to the US auto workers’ strike also contributed to a positive stock market mood. On Monday, October 9, many stock markets (except in the US, where they were closed for a holiday) fell due to increased geopolitical risk but bounced back yesterday (October 11) on news that the US Federal Reserve may not need to raise key interest rates further.