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US equities showed mixed performance last week as in the month of August markets have broken their upward track seen throughout much of 2023, writes Ian Slattery.
Last week saw several major central banks deliver interest rate decisions. In the US, the Federal Reserve increased rates by 0.25% to a range of 5.25%- 5.50%, writes Ian Slattery.
US Stocks continued to march higher last week, returning 1.3% in Euro terms as investors priced in the likelihood of a ‘soft landing’ for the US economy, writes Ian Slattery.
Last week saw US equities finish positively as data suggested a cooling of inflation. On Wednesday, the release of consumer price index (CPI) data, saw markets enter a ‘risk-on’ session in the US, writes Ian Slattery.
Last week saw US equities down -1.6% in euro terms as strong data in the US jobs market led many to anticipate further action from the Federal Reserve, writes Ian Slattery.
US stocks ended the midpoint of 2023 on a positive note as improved macroeconomic data saw US stocks rally, writes Ian Slattery.
Last week saw US equities have their poorest performance since the March banking turmoil, as investor sentiment lowered on recession fears, writes Ian Slattery.
Last week saw US stocks officially enter bull market territory as a weighted index of the top 500 US companies reached 20% above October lows, with sentiment broadly higher as a result, writes Ian Slattery.
Last week saw US stocks reach their highest level in 2023 as economic indicators surprised to the upside, writes Ian Slattery.
US equities finished the week on a positive note as news of a potential deal between Republicans and Democrats regarding the US debt ceiling filtered through to markets, writes Ian Slattery.