Weekly Markets Monitor

Last week highlighted sectoral divergence: services remained resilient while manufacturing struggled in major economies. 

Last week’s data showed strains in the US, raising expectations of a December rate cut. In Europe, near-target inflation lowered expectations of an ECB cut while UK tax hikes weighed on growth forecasts.

Last week’s economic signals were mixed: the US posted uneven data but record corporate profits; the Eurozone maintained steady growth, but the UK economy weakened.

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.