2nd August 2024

  • Investors Start Gaming Out Exit Plan for Global Rate Divergence

Fed, BOJ and BOE decisions span all possible policy outcomes

Diverging routes present opportunities, challenge outlook

https://blinks.bloomberg.com/news/stories/SHIQBNT0G1KW

  • US Initial Jobless Claims Rise to One-Year High as Hiring Slows

Applications rose to 249,000 last week, most since August 2023

Michigan and Missouri saw large increases in jobless claims

https://blinks.bloomberg.com/news/stories/SHJIWKDWLU68

  • US Jobs Report to Show More Softening With Unemployment Steady

Forecasters see 175,000 rise in payrolls, extending slowdown

Weaker report would likely supercharge bets on faster Fed cuts

https://blinks.bloomberg.com/news/stories/SHJP7ST0G1KW

  • US Manufacturing Activity Contracts by Most in Eight Months

ISM factory index dropped 1.7 points to 46.8 in July

Employment gauge shows sharpest contraction since 2020

https://blinks.bloomberg.com/news/stories/SHJNPYT0AFB4

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For more information please contact Rubrics Asset Management. info@rubricsam.com.