Account
New to ADSS? Open an
account now to get started.
Already have an account?
Add funds to your ADSS account
Account
New to ADSS? Open an
account now to get started.
Add funds to your ADSS account
Weekly Market Preview
Friday, 09 August 2024
Markets have regained most of the losses incurred at the beginning of last week, following a sharp decline in risk appetite. This drop was triggered by the Bank of Japan’s unexpected decision to raise interest rates more than anticipated and hint at the possibility of further hikes, which caused a steep decline in Japanese stock prices. Additionally, a worse-than-expected US jobs report heightened investor fears of a potential recession in the US economy. However, markets rebounded after the Bank of Japan indicated that no further action would be taken until market conditions stabilized. Further relief came with the last week’s jobless claims data, which suggested that the US labour market is not as weak as initially feared.
This week, investors are closely watching key economic data, including the Producer Price Index (PPI), Consumer Price Index (CPI), and US retail sales figures. These reports will offer a clearer view of the US economy’s performance and help predict the Federal Reserve’s upcoming decision in September. Notably, the YoY CPI data is expected to decrease from 3.0% in June to 2.9% in July, while YoY core CPI is projected to decline from 3.3% in June to 3.2% in July. Should the data come in lower than expected, it could pave the way for the Federal Reserve to implement a 50-basis point rate cut at its next meeting.
ADSS
8th floor, CI Tower
Corniche Road
PO Box 93894
Abu Dhabi
United Arab Emirates
Trading Services
ts@adss.com
+971 2 657 2414
Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
