KN Market View 2024-08-04

#KNMarketView

Key Events. The United States faces an increase in its unemployment rate from 4.1% in June to 4.3% last month.

Government Bonds and Currencies. FED rate cut likely as unemployment rises. Canadian bond market hit by unemployment data and Fed rate cut expectations. Yen surges following central bank announcements.

Commodities. Oil prices continued under pressure. Precious metals recovered some ground after market sell-off.

Stocks. The Utilities sector takes this week’s victory again, showing its resilience when markets are under pressure.

Crypto. Crypto followed markets’ sell-off.

Weekly Paper Picks. Market Bubbles and Crashes.