KN Market View 2024-07-21

#KNMarketView

Main Topics

Key Events. China GDP came at 4.7% yoy, missing market forecasts of 5.1%. This week, the focus will be on the US Q2 GDP growth rate and Global PMI.

Government Bonds and Currencies. The DXY recovers ground, despite the anticipation of rate cuts.

Commodities. Natural Gas prices have retreated from recent highs. Copper continued under pressure on China concerns demand. Lumber recovering on rising demand expectations.

Stocks. Earnings season highlights. Big losses for the tech sector.

Crypto. Donald Trump wants to crush China in the crypto field!

Weekly Paper Picks. Gen AI: too much spend, too little benefit? / The Simple Macroeconomics of AI