Inverted yield curves, central bank hiking and weak PMIs data saw equity markets continue to sell off on Friday as investors became increasingly concerned with recessions and high levels of inflation • China’s indices were the worst performers last week, with the Hang Seng down -5.7% and China A50 at -2.9% ahead of the 4-day weekend, Europe was also broadly lower with the DAX down -3.2% • On Friday the S&P 500 fell to a 6-day low, the Dow Jones Industrial fell to an 11-day low, the DAX a 3-week low and the ASX200 a 2-week low • Manufacturing PMIs across the eurozone, UK and the US also contracted at a faster pace ... (full story)