Company / Analytics

Analytics, 07 August 2022

Week 31 in Brief

North America

On Friday, movements in the US equity markets were relatively mixed, with the release of the July Jobs report coming in as better-than-expected.

The labor market added 528,000 jobs in July, over twice the Dow Jones estimate of a 258,000 increase. The unemployment rate in the states also trickled down to 3.5%, below the 3.6% estimate. A 5.2% year-to-year growth in wages also signaled inflation is still a problem, and that the central bank could be more aggressive with interest hikes.

How did the major indices perform?

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities

Currencies

Next week

For next week, corporate earnings reports won’t be as pronounced as the last few weeks, with most S&P 500 companies having already reported. Companies that will report in the week include AIG, BioNTech, Sysco, Wynn Resorts, Norwegian Cruise Line, Disney, and Fox Corporation, among a few others.

The latest Consumer Price Index (CPI) which is expected to provide an important update on the rate of consumer inflation, and The Producer Price Index (PPI) are expected to be announced on Wednesday and Thursday respectively.

Later on Friday, the Michigan Consumer Sentiment Index (MCSI) preliminary reading for August is expected. It is an important measure of consumer confidence, along with the release of second-quarter GDP figures out of the U.K.

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