Growth concerns persist, ECB set to cut rates again this week

Moving Markets: Daily News

The US employment report for August showed a slower than expected increase in jobs, but a fall in the unemployment rate to 4.2%. Markets reacted negatively, with the S&P 500 having its worst week since March 2023, closing at 5408 points. Other asset classes such as Bitcoin and oil also fell sharply. Key events this week include the release of Apple's iPhone 16 on Monday, the Harris-Trump presidential debate on Tuesday and key economic data releases, including US consumer price inflation on Wednesday and an expected ECB rate cut on Thursday. Mensur Pocinci, Head of Technical Analysis, notes that 5350 is a key support level for the S&P 500.

00:00 Introduction by Helen Freer (Investment Writing)

00:24 Markets wrap-up by Mike Rauber (Investment Writing)

07:58 Technical Analysis update: Mensur Pocinci (Head of Technical Analysis Research)

11:05 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.