? 30 Second Market Brief (19 Aug 2024)
Sean Cohen ????
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Sean Cohen ????
Offshore Investment Advisor for South Africans | Tax-Efficient Structuring | Favikon’s Top 100 LI Influencers in South Africa
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Here's this week's 30-Second Summary.
Let's dive in.
International Update
- US markets recover; positive, inflation, jobs & sales data drive optimism.
- US inflation (PPI & CPI) moderating, encouraging investor confidence.
- US retail sales exceed forecasts, boosting economic outlook.
- Alphabet (Google) faces potential breakup?post-court ruling.
- UK inflation up, economy continues recovery.
- China release weak data on property, investment, production.
- Gold prices continue pushing higher.
- Positive Market Moves: Dow Jones (+2.70%), Nasdaq (5.38%), S&P 500 (+3.93%), FTSE 100 (+1.75%), Euro Stoxx 50 (+3.53%), Hang Seng (+1.99%), Nikkei 225 (+8.67%), Shanghai Composite (+0.60%).
- Negative Market Moves: N/A.
South African Update
- Positive US & SA retail data?boost market sentiment.
- SA unemployment increases to 33.5%.
- Interest rate cut expected?soon in SA.
- JSE ALSI reaches two-week high (+0.60%).
- Rand best since mid-July (R18.00/$).
Week Ahead
- SA, EU inflation data (Wed).
- France & Germany PPI (Thurs).
- Fed meeting minutes (Wed).
- US Fed Jackson Hole symposium (Fri).
And that's it. You're all caught up for the week.
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Technology Operations Manager at Kurtosys Systems
7 个月cheers and thank you Sean Cohen ! do you have an RSS version of this? i quite like your updates and want to make sure i dont miss it.
I decode data into career-life intelligence | Follow for psychology-backed tips for business & life ?? | Longevity student | Father
7 个月Insightful as always, thanks a lot Sean Cohen
Author & Financial Advisor- Financial Education for Expats
7 个月The scary thing is that experts only need to be right once to be invited on every TV show. That's why they keep repeating their doomsday scenario. One day, they'll be right. And they'll finally get their spotlight. The collateral damage they cause around them doesn't seem to bother them