Macro News
Global: In the past few weeks, we have seen that the reversal in central banks' monetary policy since the beginning of the year in addition to the light Chinese credit stimulus has started to have a small positive impact on the global economy. Global manufacturing PMI is still sitting below the 50-line threshold that separates growth from contraction (49.8 in October), but has been rising in the past three months after falling for 19 consecutive months. Global yields have continued to normalise, with the US 10Y trading slightly below 2%, which has been