Monday's recap is here! Last week we experienced the fear and worry that caused the stock indexes to fall. Join us to read what the cause was and what we'll be watching for in the current trading week.
USD
The US dollar had a number of negative fundamentals at the turn of the month, as we wrote in last Monday's summary. Wednesday's Fed decision (July 31, 2024) and subsequent labor market data (unemployment rate and NFP) resulted in a significant weakening of the US Dollar. In response to this poor labour market data, global equity markets saw sharp declines on Monday on fears of a US recession. One of the biggest investors, Warren Buffett, contributed to the relatively bad mood in the markets by making a massive sale of shares through his company Berkshire Hathaway. We could even read economists' speculations that the Fed might do an emergency meeting and cut rates. That hasn't happened yet, but it is evident that there are a number of aspects now pressuring the Fed that will lead the central bank to 100% a rate cut in September.
What's in store for us this week?
Monday: Inflation rate in the Czech Republic (CZK)
Tuesday: Japanese PPI (JPY), UK labour market data (GBP), Spanish inflation (EUR), US PPI (USD)
Next week could be quite interesting. The market will focus mainly on data on Wednesday: US CPI and RBNZ.
Sources:
English 
Czech 
Polish