Daily Archives: Oct 31, 2022 at 06:54 am EDT

Macro Briefing: 31 October 2022

* Lula reclaims Brazil’s presidency and beats Bolsonaro in narrow victory
* Eurozone inflation reaches new record high as economy slows in Q3
* Russia suspends grain deal that allowed Ukraine exports
* Goldman Sachs expects Fed rate hikes will peak at 5% in March
* China manufacturing and services sectors contract in October
* No end in sight for China zero-Covid policy
* Germany’s economic link to China in focus as chancellor heads to Beijing
* US consumer spending rose in September despite inflation’s bite
* Pending home sales in US fell fell further than expected in September:

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