Weekly Markets Monitor

Last week marked the end of the longest US government shutdown, while economic updates from major economies painted a mixed picture. Meanwhile, expectations for further Fed rate cuts waned after hawkish comments from officials. 

Last week’s economic updates highlighted uneven global momentum. US consumer sentiment dipped close to record lows, and European central banks kept rates steady. China’s exports fell and Japan’s manufacturing slowed, whereas India’s manufacturing gained pace.

Last week saw a thaw in US-China relations with a temporary trade agreement, alongside  divergent central bank actions. While the Fed and Bank of Canada lowered rates, the ECB and BoJ held steady.

Last week, global economic updates reflected both momentum and headwinds. US inflation eased and business activity strengthened, Eurozone and India saw manufacturing gains, while China and Japan reported uneven growth.

Last week presented a mixed global macro picture. US-China trade tensions eased. The US government shutdown continued.

Last week was a rollercoaster of highs and lows. Israel and Hamas agreed a peace plan, while US-China trade tensions re-escalated.

More mixed data across the globe last week with US PMIs at loggerheads over whether the economy is reflating or stagflating. 

Last week saw a mixed bag of PMI data: US, UK and India all softer but all remain in expansion territory. 

Last week saw a mix of central bank actions. The US Fed cut 25bps as expected yet with a less dovish tone while the BOE held rates unchanged and slowed its QT.

Last week saw a blend of inflation trends and political challenges. In the US, mixed inflation data, cooling labor markets, and weakening consumer sentiment kept expectations of a Fed rate cut in place. 

Last week's releases highlighted a softening U.S. labor market, reinforcing expectations for rate cuts.

Last week was dominated by concerns over Fed independence and uneven global economic momentum.

Last week, the US Fed signaled potential rate cuts amid mixed economic signals. The US labor market softened while business activity and housing data surprised on the upside.

Last week was data-heavy: while the US showed mixed economic signals, there were signs of slowing activity in China.

Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves.