Signet Bank Market Review 04/2023
April was the month of consolidation – stock indices rose slightly, while government bond yields fell by a few basis points. The reporting season is almost over, with no major disappointments recorded.
Looking beyond April, both the Federal Reserve System and the European Central Bank raised interest rates by 25 basis points at the very beginning of May, which was expected and did not add to the overall volatility.
Players interpreted the message of the main bankers positively, seeing a hint that the rate peak in this cycle might have been reached.
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