Weekly Markets Monitor
Weekly Markets Monitor - Talking tough
Geopolitics intensified last week on expanded Iran sanctions and escalating trade tensions with Canada. A hawkish message from Fed chair Warsh at Jackson Hole jolted markets. On the data front: US inflation remained sticky and consumer confidence weakened, while Eurozone growth surprised to the upside. In China, industrial profit growth continued to slow. Japan's rising inflation increased chances of BOJ tightening, and India's industrial production exceeded expectations.
