In this Capital Markets Update, Chris Arcari shares the latest trends in the market.

Global growth continues to defy prior downbeat expectations, but survey data suggest that activity weakened towards the end of Q3. Though headline inflation has generally fallen, core inflation remains stubbornly above central bank targets. 

Global equity markets lost ground in Q3 and long-term sovereign bond yields rose, as markets anticipated a longer period of tighter central bank policy. Despite the weakening growth outlook, oil prices rose sharply on fears of a global supply shortfall.