Global equity markets fell last week, and Wall Street ended the week on a sour note following hotter-than-expected inflation data. The Dow Jones Industrial Average, S&P 500 and Nasdaq-100 Indexes closed at fresh 2022 lows, dropping 1.71%, 1.51% and 1.73%, respectively. The US Dollar DXY Index rose almost 0.5% on Friday, although it held its losses for the week. The hotter-than-expected personal consumption expenditures price index (PCE) firmed up Fed rate hike bets, extinguishing near-term pivot hopes. The US core PCE for August rose to 4.9% from a revised 4.7% y/y. Asia-Pacific market liquidity could be ... (full story)