Week Ahead - Reserve Bank Decisions | Summerset Global markets started October on mixed footing Friday, as the US market (S&P 500 index, +1.2%) snapped a five-day losing streak after President Biden became more involved in negotiations around the US$1 trillion infrastructure bill, while European markets were weakened by supply chain constrains. US Gains were broad based across the market following the recent sell off over the week, with Energy Telecommunications and Financials leading the way amidst optimism around the economy re-opening. Merck Shares jumped +8.4% after the drug maker said their oral antiviral treatment for covid-19 reduced the risk of hospitalisation or death by 50% for patients with mild or moderate symptoms. The news boosted travel stocks Southwest Airlines rising +5.6% with an added boost from JPMorgan’s upgrade on the stock. European Markets (Stoxx 600 index, -0.4%) were down on Friday, with mining stocks le...