Daily Macro markets update 09/09/2024
Market Report. 🏛️ The conclusion from Friday’s employment data is that the US labour market is slowing down. However, the impact was not as dramatic as the previous month’s employment report. NFP came out below expectations, but at least somewhat better than the previous month, which had a disastrous drop. The unemployment rate remained at […]
Daily Macro markets update 06/09/2024
Market Report: 📈 The August US Nonfarm Payrolls (NFP) report showed 142k jobs added, missing the forecast of 165k but higher than the previous month’s revised figure of 89k. The unemployment rate remained steady at 4.2%, in line with forecasts. Average earnings grew by 0.7% MoM and 3.8% YoY, exceeding expectations. The labor force participation […]
Daily Macro markets update 05/09/2024
Market Report. 📉 Yesterday, federal surveys of available employment in the US (JOLTs) fell more than expected, indicating apparent weakness in the labour market (tomorrow we will know the employment report, which will have the latest answer). Job openings data fell to the lowest level since 2021, weighing on markets. Remember, Fed officials have made […]
Daily Macro markets update 04/09/2024
📉 Market Report. The US technology sector is once again weighing on the markets. The Justice Department has escalated its antitrust investigation of Nvidia by sending subpoenas to the chipmaker and other companies. Subpoenas are legally binding requests for information, taking the probe closer to a potential formal complaint. The DOJ is investigating Nvidia’s acquisition […]
Daily Macro markets update 03/09/2024
Market Report. 🚗 Volkswagen says headwinds mean it can’t rule out closing plants in Germany for the first time, also dropping a job protection pledge through 2029. The automaker cites new competitors in Europe, Germany’s manufacturing position declining, and needing to “act decisively” on costs. Mounting competition from inexpensive Chinese EVs is a key challenge […]
Daily Macro markets update 02/09/2024
🌎 Market Report. 📊 US: PCE inflation data seemed to exert a neutral effect on Friday. Monthly core PCE inflation came out above expectations (negative effect on the market). Annualised core PCE inflation came in below estimates (positive market effect). However, in general terms, US seems to be on track to hit the Fed’s 2% […]
Daily Macro markets update 30/08/2024
🌍 Market Report Annual inflation in Germany dips below 2% to 1.9%, a significant achievement possibly driven by depressed economic activity in the country. In contrast, inflation in France exceeds expectations, rising by 0.6% in August. Moreover, French GDP is growing below expectations, setting an annual growth rate of 1% by 2024. Core inflation in […]
Daily Macro markets update 29/08/2024
📉 Market Report. S&P 500 futures were little changed after Nvidia shares plunged more than 8% in post-market trading following its earnings report. The Nasdaq 100 is also recovered, it dropped below 19,300 points after the market closed and the Nvidia data, but at this moment it is recovering the lost levels and appears stable. […]
Daily Macro markets update 28/08/2024
📊 Market Report. 💼 As we reminded you yesterday in our daily report, the most important event today is the presentation of Nvidia’s results, a company with more than 3.1 trillion dollars of market capitalisation, which could undoubtedly cause earthquakes in the stock markets. Today we have published a video report on what to expect […]
Daily Macro markets update 27/08/2024
📈 Market Report 📊 Powell’s remarks on Friday were in line with the market’s optimistic expectations. Proof of this is that the market trend did not change at all, with no surprises, we are pretty much where we were before the speech. 🗣️ However, it is interesting to note that Powell’s words show that last […]
