Notes from the Trading Desk – Europe

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Global equities were higher overall last week, with existing themes providing some push and pull. Central bank hawkishness, persistent inflationary pressures and the war in Ukraine are all existing themes which investors are still trying to digest. Despite the uncertainty, the MSCI World Index closed the week up 1.3%, while regionally, performance was fairly mixed, as the S&P 500 Index closed the week up 1.8%, the STOXX Europe 600 Index closed down 0.2%, whilst the MSCI Asia Pacific closed up 0.5%.

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