KN Market View 2024-08-25

#KNMarketView

Main Topics

Key Events - The ECB decided to keep interest rates unchanged in July 2024.

Government Bonds and Currencies - Fed Chairman Powell clearly signals rate cut in September.

Commodities - Steel finally rebounded after trading at its lower level since 2016. Wheat trading at its four year low.

Stocks - Spain with a great WoW run. Russia is struggling with all the sanctions imposed by the G7 nations.

Crypto - Russia is set to launch two exchanges to circumvent sanction.

Paper of the week - Low Interest Rates, Market Power, and Productivity Growth.