Weekly comment 26.08-30.08.2024

  1. Monday, 26.08.2024: The White House announced new economic sanctions against China, leading to significant market fluctuations. Investors reacted cautiously, with Wall Street indices declining. Technology stocks were among the most affected due to concerns about future trade relations between the world’s two largest economies.
  2. Tuesday, 27.08.2024: European markets recovered following news of a potential agreement between the EU and the UK regarding post-Brexit trade terms. This led to a rise in banking and automotive sector stocks. Meanwhile, commodity prices remained stable despite ongoing geopolitical tensions.
  3. Wednesday, 28.08.2024: Oil prices rose after OPEC announced a production cut to stabilize the market. This led to a surge in energy company stocks. At the same time, inflation data in the US showed a slight increase, fueling speculation about future actions by the Federal Reserve.
  4. Thursday, 29.08.2024: In Japan, a new government stimulus package was announced to support the economy following recent natural disasters. This led to a rise in Japanese company stocks, particularly in the construction and infrastructure sectors.
  5. Friday, 30.08.2024: Mass protests were held in Germany against new measures to limit carbon emissions. The protests led to the temporary closure of some industrial enterprises, impacting stocks in the energy sector.