Weekly comment 2.09-6.09.2024

Monday, 2.09.2024: European markets started the week with a slight decline after manufacturing activity data from Germany showed weaker-than-expected results. This led to a decrease in industrial sector stocks. Meanwhile, gold prices rose as investors sought safe-haven assets.

Tuesday, 3.09.2024: U.S. markets saw gains, supported by strong corporate earnings in the technology sector. Shares of major tech companies rose after several reported better-than-expected financial results for the third quarter.

Wednesday, 4.09.2024: Oil prices fell after U.S. data showed an increase in crude oil inventories. This led to a drop in energy company stocks. At the same time, the European Central Bank announced it would keep key interest rates unchanged, leading to stability in the euro.

Thursday, 5.09.2024: Asian markets rebounded after China announced new economic stimulus measures. This led to gains in the technology and consumer sectors. Meanwhile, inflation data in the Eurozone showed a slight increase, fueling speculation about future actions by the European Central Bank.

Friday, 6.09.2024: U.S. markets ended the week with a decline after employment data showed weaker-than-expected results. This led to a decrease in banking sector stocks as investors worried about future economic prospects. Meanwhile, gold prices rose again as investors sought safe-haven assets.