Company / Analytics

Analytics, 21 August 2022

Week 33 in Brief

North America

Equities in the US extended their losses on Friday to end the week in losses, following four weeks of gains. This was the worst performance for US indices since early July, reflecting investors’ concerns over the next move by the US fed on how aggressively the policymakers may raise interest rates in the coming months.

With the Jackson Hole symposium for central bankers set for this week, investors will be keen to follow what will transpire, as the summit is often used as a platform for the Fed, the world’s most influential central bank, to make big announcements on its policy stance.

How did the major indices perform?

On Friday:

For the week:

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, the most anticipated economic activity will be the meeting of the Federal Reserve policymakers, who will meet at the U.S. central bank’s annual Jackson Hole Symposium on thursday to discuss the most pressing issues facing the U.S. economy.

On Friday, the latest update to the Personal Consumption Expenditures (PCE) Price Index, which could possibly indicate whether inflation has peaked, will be released. The University of Michigan is expected to release the final August reading of its Consumer Sentiment Index (MCSI) on the same day.

In terms of earnings, several companies are scheduled to release their reports in the week. They include Zoom Video Communications, Macy’s, Nordstrom, NVIDIA, Salesforce, Dell, and TD Bank, among others.

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