Markets Week Ahead: Nasdaq 100, US Dollar, EUR/USD, GBP/USD, USD/CAD, CPI Data

Markets Week Ahead: Nasdaq 100, US Dollar, EUR/USD, GBP/USD, USD/CAD, CPI Data

Global market volatility was rather mixed this past week. On Wall Street , the Nasdaq 100, S&P 500 and Dow Jones fell roughly 0. 9%, 0. 17% and 0. 5% respectively. Across the Atlantic Ocean, the Euro Stoxx 50 and FTSE 100 gained about 0. 2% and 0. 6% respectively. In Asia, the Nikkei 225 was flat as the Hang Send Index climbed 1. 8%. The increase in volatility on Wall Street was likely due to October's inflation print. Consumer prices grew 6. 2% y/y, the most since the early 1990s. Historically, high periods of inflation tend to produce more volatility in stock markets. Having said that, the chase for returns is still active in a still-lose monetary policy world. Though the latter has been slowly shifting. Demand flowed into the US Dollar in foreign exchange markets as traders doubled down on 2 Fed rate hikes by the end of next year. Treasury yields also pushed higher, with the 30-year rate recovering from July lows. Gold , which is at times viewed as an inflationary hedge, finally caught some demand as prices closed at a June high. Crude oil prices consolidated. All eyes turn to Fedspeak in the week ahead