The recent acute market reaction occurred due to increased recession fears Surprise indices point to a more balanced US economic situation Recessions tend to be caused by one-off major events The recent market drop has been attributed to higher chances of a US recession It has been a very volatile period in markets. The recent […]
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In August, UK payrolled employees fell by -59k or -0.2% month-on-month, marking a significant contraction. Meanwhile, median monthly pay increased by 6.2% yoy, an acceleration from the previous month’s 5.5%. Claimant count rose by 23.7k Read more…
The European and US indices rebounded on Monday, though the rebound was probably not based on high conviction, but looked more like the correction of last week’s decent selloff. The European Stoxx 600 rebounded to Read more…
In focus today In the US, we get the NFIB Small Business Survey. Also, Fed Governor Barr is expected to announce a reduction in the biggest banks’ capital hike in the latest Basel plan, from Read more…