Global markets are starting to wake up to the reality of borrowing costs at two-decade highs, oil above $100 a barrel and central bank rate hikes, which is heaping pressure on governments, investors and households and eroding some of the AI-driven enthusiasm in equities.
Add to that political turmoil in France, rising volatility, a cloudy rate outlook and an election in Brazil and there is plenty of room for surprises this coming week.
