📆 Tuesday, August 28
â–º European stocks saw an uptick of more than 0.5% led by sectors such technology, mining and real estate. This surge follows China's recent commitments to bolster its economy. On the negative side, German consumer confidence continues to decline and came in worse than expectations – it's a strong sign that consumer spending could further slow down in Germany.
â–º In the US, the S&P 500 and Nasdaq 100 futures indicate a further positive trajectory. Despite the week's uplift, global stocks face their toughest month in nearly a year due to strong anti-inflationary stances by policy makers.
â–º Economic reports are becoming pivotal. Last week's remarks from Federal Reserve Chair Jerome Powell at Jackson Hole emphasized readiness to further raise rates if data demands tighter policy. The key focus for investors this week remains on US job figures, inflation data, and PMI readings for both US and China.
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