Market comment

Equity markets under pressure as investors price in official rates being ‘higher for longer’


Equity markets saw significant losses on Tuesday (September 26th) as investors continued to price in the Fed’s hawkish ‘higher-for-longer’ view on official rates. Also, a poor US Conference Board consumer sentiment release demonstrated that household finances are still under pressure from inflation, with the reading falling back sharply in September. Once again, today is a quiet day for macro data, with US capital and durable goods orders the only significant release.

Download full report with analyst certification and important disclosures

Sep 27 2023, 06:55 IST/BST