
Multi-Asset Weekly Newsletter
Global Developments & Global Equities WALMARTS’ NEGATIVE OUTLOOK SPOOKS SENTIMENT ON WALL STREET, NIFTY ENDS WEEK BELOW CRUCIAL 22800 SUPPORT. It was a steady week regarding price action without major data/events/comments. US S&P Global Feb Services PMI missed expectations and slipped into contraction territory for the first time since Jan’23. University of Michigan’s Long-term inflation expectations rose to 3.5% from 3.3%. FOMC minutes were hawkish. Fed members prefer seeing further progress on the inflation front before cutting rates. The outcome of the German elections will be in focus next week. US Jan PCE print is also due next week. The...