Market Briefing: Markets prepare to close out the year with a bang
The dollar is softer, Treasury yields are slumping, and implied volatility levels are creeping higher as an action-packed week begins in financial markets. Equity futures are pointing to a slightly stronger open after Friday’s selloff, and risk-sensitive currencies are edging upward. The pound is slightly stronger after the Office for National Statistics said the economy grew by 0.5 percent in October after shrinking 0.6 percent in September. This beat consensus forecasts for a 0.4-percent expansion, and helped show that a surge in the “moron risk premium” (to borrow Dario Perkin’s term) during the Truss government’s brief time in power has...