Yet another update on China
by Lorenzo La Posta, CFA — Portfolio Manager
— China is facing a different set of issues that still have global consequences
For some reason, any time it’s my turn to write our weekly Global Matters blog, there is something happening in China worth writing about. Or perhaps, it is just my colleagues deliberately leaving me with the honour of updating our readers on the latest developments within the Chinese walls (pun intended). Luckily, these days we are not short of significant news and while the west is struggling with rising rates and elevated inflation, China is facing a different set of issues that still have global consequences.
Market Snapshot
- Global equities fell 2.1% last week
- Early voting in the US midterm elections has begun, with Republicans expected to take control of the house and gain a slim minority in the Senate
- Brent crude rose by 2.9% over the week to $98.6 a barrel
- Gold rose by 2.3% to $1681.9 per ounce