Company / Analytics

Analytics, 28 August 2022

Week 34 in Brief

North America

Stocks in the US fell on Friday following Fed Reserve Chair Jerome Powell’s speech that the central bank won’t back off in its fight against rapid inflation. All major US indices fell by more than 3% on Friday, to end a concurrent second week in losses. The fall also marked the biggest one-day fall since mid-June. Stocks in the region only saw an upside on Wednesday and Thursday as Crude oil futures continued to gain after Saudi Arabia suggested the OPEC+ alliance may make possible cuts to production.

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


Next week

For this week, market watchers will be paying close attention to the U.S. labor market, in anticipation of the Bureau of Labor Statistics (BLS) August nonfarm payrolls report on Friday. Earlier in the week, the Job Openings and Labor Turnover Survey (JOLTS) report will provide the latest information on hires, quits, and separations for the month of July, while payroll services provider ADP will release its National Employment Report tracking growth in nonfarm private sector payrolls.

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