Weekly comment 30.09-4.10.2024

 

Monday, 30.09.2024: European markets started the week with moderate gains as news of a potential agreement between the US and China on trade tariffs boosted investor optimism. Technology stocks rebounded, led by strong results from Intel.

Tuesday, 01.10.2024: US markets continued to rise, supported by positive economic data and strong corporate earnings reports. Stocks in the industrial and automotive sectors saw significant gains, while commodity prices remained stable.

Wednesday, 02.10.2024: Oil prices increased after OPEC announced further production cuts. This led to a rise in energy company stocks. Meanwhile, US inflation data showed a slight increase, fueling speculation about future actions by the Federal Reserve.

Thursday, 03.10.2024: 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.

Friday, 04.10.2024: In Germany, mass protests were held against new measures to limit carbon emissions. The protests led to the temporary closure of some factories and a decline in industrial sector stocks.