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News Last Week
- Last week had significant financial events influencing global markets.
- Federal Reserve demonstrated a cautious approach to rates.
- Jerome Powell expressed worries about ongoing inflation, hinting at sustained high interest rates.
- US Nonfarm Payrolls (NFP) rose by 187,000 in August, beating the estimate of 170,000.
- Major stock indices like S&P 500, Dow Jones, and Nasdaq recorded gains.
- There's division in financial circles about the Fed's next moves.
- Short-term Treasury yields have increased due to speculations.
- UBS reported a $29 billion net profit after acquiring Credit Suisse.
- China announced trading tax cuts, positively impacting the CSI 300 Index and Hang Seng Index.
News This Week
- Investors advised to monitor the housing and energy sectors.
- Housing market dynamics can reflect broader economic trends and consumer confidence.
- Energy sectors provide insights into global consumption, production, and geopolitical issues.
- Both sectors are sensitive to interest rate changes, inflation, and global supply-demand shifts.
- PMI surveys, the Fed’s Beige Book, and China’s inflation data are up next for insights on global economic health.
- PMI surveys (Purchasing Managers' Index) gauge the health of the manufacturing and service sectors.
- The Fed’s Beige Book offers qualitative information about U.S. economic conditions across 12 Federal Reserve districts.
- China’s inflation data is critical given the country’s significance in the global economy. It can influence international trade, currency exchange rates, and commodity prices.