Global stocks are on track to close their worst month so far this year

Global stocks are on track to close their worst month so far this year
August 30, 2023 – 10:35

The MSCI stock index was trading at more than two-week highs after upbeat moves in Asia.

world stocks They rise this Wednesday but they are on their way to closing August as their worst month of the year, given the growing perception that the central banks they will have to keep interest rates higher for a while.

MSCI’s broader stock index traded in highs of more than two weeks following upbeat moves in Asia, which continued to benefit from Chinese measures to boost investment in its ailing stock market and weak jobs data from EUnited States.

However, the european bags They were more cautious, and US stock futures were also declining.



“The US labor market is moving toward a better balance, raising prospects that the Federal Reserve achieve a soft landing for the economy,” Elisabet Kopelman, economist at SEB Group US, said in a note to clients.

Still, the measure of MSCI world stocks they fell more than 3% in August due to the bullish signals of the last minutes of the Fed and the speech of its president, Jerome Powell, at the Jackson Hole Central Bankers Symposium.

This week, with the release of US Nonfarm Payrolls and Personal Consumption Spending, there will be a better idea of ​​whether the Fed’s dovish signals that rocked markets in August were overblown. The performance of the US treasury bonds Up this Wednesday. The return of the papers to two years, which follows the rate expectationsrose 3 basis points to 4.91%.

Source: Ambito

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