Weekly Insight - October 31st, 2022

US Economy Grew 2.6% In Third Quarter

US stocks rallied last Friday with the US economy growing at a solid pace in the third quarter amid the widespread inflation. Annualized GDP QoQ rose 2.6% and personal consumption increased by 1.4%.

In Europe, the Stoxx Europe 600 advanced 3.7% last week with telecoms and healthcare industries being the leaders.

In China, the CSI 300 lost 5.4% last week, being its worst performance in 15 months.

The Chart of the week: Hunt For Biotech Bargains