Daily Market Commentary 16th September 2024
Markets closed out the week strongly, with equities surging and the US Dollar easing, as confidence returns. The focus has been on inflation and interest
Markets closed out the week strongly, with equities surging and the US Dollar easing, as confidence returns. The focus has been on inflation and interest
The ECB cut rates to 3.5%, from 3.75%, in line with expectations. Inflation crept higher, with the CPI rising to 2.3%, within the Eurozone. This
US inflation dipped to 2.5% p.a., in line with expectations, green-lighting the Fed to begin the rate cut cycle. The subdued inflation rate remains above
European equity markets dipped lower, dragged down by German Automakers, while US markets consolidated early week gains. German CPI inflation came down to 1.9%, in
Markets rebounded in a recovery rally, to open the new trading week, following heavy losses suffered on equity markets the previous week. Fears over the
The important Non-Farm Payrolls missed expectations, and the equity markets took this as a bad sign, with equities selling off sharply, to end a bad
US Jobs data was weaker than expected overnight, pointing to a probable miss on the important Non-Farm Payrolls number and Unemployment number, set to be
European markets tanked overnight, following a major sell-off in US markets, following the long labour market holiday weekend. Europe and the US are facing major
Markets reopened in the US, following a Labour Day long weekend, and sentiment tanked. US equities crashed, as at the opening of the September trading
Manufacturing PMI data from Asia was slightly better than expected, expanding in China and India, while improving in Australia and Japan. The same cannot be
European equity markets dipped lower,
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