KN Market View 2024-08-18

#KNMarketView

Main Topics

Key Events - Brazil’s economic activity exceeded expectations, with the IBC-Br Index rising by 1.4% in June 2024.

Government Bonds and Currencies - The Australian dollar rose 1.50% as employment data exceeded expectations, its 10Y bond yield fell to 3.86%, the South African rand gained 254 bps, and the Shekel appreciated 151 bps.

Commodities - Gold Hits all time highs and Oil futures slump.

Stocks - Japanese markets rebound after the unwind of the Yen Carry Trade.

Crypto - The Dubai Court of First Instance has declared that cryptocurrency can be legally recognized as a valid form of salary payment in employment contracts.

Paper of the week - Sustainable investing in equilibrium.