Global Markets Struggle Amid US Economic Data Woes, Recession Fears Rise
Last week, we had more disappointing US economic data, with Nonfarm Payrolls coming in well
US Dollar finally rebounds amid mixed data as equities and commodities diverge
The US economy remained the main focus last week, with markets closely watching developments and
Powells’ speech confirms rate cuts in September: USD decreases further
All eyes were on Jackson Hole and Jay Powell last week, and he didn’t disappoint!
US Dollar slided further despite strong Consumer Confidence
We said last week that “…all eyes will also be on yields and the Dollar,
Mixed US data halt further weakening US Dollar
The markets slowed down last week, stopping the recent risk-off action and general market selling.
Bank of Japan increases interest rates, leading to an unwind of the carry trade
Risk off continued last week, mainly fuelled by deteriorating US economic data—with employment in particular