Markets in 2023: Soaring stocks and roaring bonds defy the doubters
Published by
Reuters UK
Reuters UK
By Marc Jones LONDON (Reuters) – This year might go down as one of the most unusual ever in financial markets – mainly because everything seems to have come good despite a lot of turbulence and many predictions turning out to be wrong. Take equity markets. World stocks are nearly 20% higher despite the highest interest rates in decades and a mini crisis that wiped out one of Europe’s best known banks – Credit Suisse – along with a few smaller ones in the U.S. In the bond markets, just a few months ago investors were expecting the Fed & Co to raise rates and leave them there while recessions ro…