Last week, the equity markets saw modest gains, with the three major US indices rising between 0.6% to 1.0% due to positive economic data and a series of stimulus measures launched by the Chinese government. The Chinese stimulus measures led to significant gains in Chinese stocks, which in turn benefited several U.S. industries, such as materials and industrials. Additionally, the U.S. Federal Reserve’s preferred inflation gauge showed further easing of price pressures, contributing to the positive market sentiment. Despite the growth in equity markets, it was another flat week for US fixed income markets while international bonds saw a modest 0.5% gain.