ECB President Christine Lagarde said that interest rates will have to stay high for longer. Weakness in Richemont and Diageo weighed on European equity markets on Friday. All sectors in the S&P 500 rose as the year-end rally in equities resumed, even as the University of Michigan survey showed a rise in long-term inflation expectations and the impact of higher rates on consumer sentiment. The JPY is trading at its lowest level since October 2022. US President Biden and China's Xi Jinping will meet on Wednesday. Mensur Pocinci, Head of Technical Analysis Research, shares his thoughts on the year-end rally, bond yields and oil.
00:00 Introduction by Helen Freer (Investment Writing)
00:24 Markets wrap-up by Mike Rauber (Investment Writing)
06:37 Technical Analysis update by Mensur Pocinci (Head of Technical Analysis Research)
10:15 Closing remarks by Helen Freer (Investment Writing)
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