Weekly comment 9.09-13.09.2024

Monday, September 9, 2024: European markets started the week with a slight decline after news of slowing economic growth in China raised concerns among investors. Technology stocks were among the hardest hit due to fears of reduced demand for electronics and software.

Tuesday, September 10, 2024: U.S. markets rebounded following news of a potential agreement between the U.S. and the EU regarding trade tariffs. This led to gains in the industrial and automotive sectors. Meanwhile, commodity prices remained stable despite ongoing geopolitical tensions.

Wednesday, September 11, 2024: Oil prices rose after OPEC announced a production cut aimed at stabilizing the market. This led to a surge in energy company stocks. At the same time, U.S. inflation data showed a slight increase, fueling speculation about future actions by the Federal Reserve.

Thursday, September 12, 2024: Japan announced a new government stimulus package aimed at supporting the economy following recent natural disasters. This led to a rise in Japanese company stocks, particularly in the construction and infrastructure sectors.

Friday, September 13, 2024: Mass protests took place in Germany against new measures to limit carbon emissions. The protests led to temporary factory closures and a decline in industrial sector stocks.