Categories: News

August 2024 market update: Piece together the economic puzzle with insights found in the market update.

Introduction

Global equity markets were volatile to begin the month of August after a weak U.S. labour market report raised concerns of a potential recession in the world’s largest economy. But global equity markets recovered and ended the month higher with signs pointing to the U.S. Federal Reserve Board (“Fed”) beginning to lower interest rates at its September meeting. Over the month, many countries and regions reported falling inflation rates, notably Canada, the U.S. and Europe. Services sector activity continued to be a key driver of business activity over the month, continuing to reflect an overall shift in spending patterns of consumers around the world.

The S&P/TSX Composite Index edged higher over the month, driven by gains in the Information Technology and Real Estate sectors. U.S. equities also advanced. Yields on 10-year Government of Canada bonds were largely unchanged over the month, while those for 10-year U.S. Treasuries declined. The price of gold moved higher, while the price of oil finished lower.

Click here to read the full article

Lazar Wealth

Share
Published by
Lazar Wealth

Recent Posts

August 2025 market update

Investor sentiment improved in August, driven by hopes of rate cuts and extended trade truces.…

4 weeks ago

July 2025 market update

Trade tensions and cautious monetary policy continue to shape the global economic landscape. The U.S.…

2 months ago

June 2025 market update

Global equity markets rose in June as trade talks between the U.S., China, Canada and…

3 months ago

May 2025 market update

Trade talks, court rulings, and surprise tariff moves turned May into a geopolitical chess match.…

4 months ago

April 2025 market update

April's global markets faced turbulence due to trade and economic uncertainties. Discover how these factors…

5 months ago

March 2025 market update

Stay informed about the domestic and global impacts of U.S. tariffs amid economic unpredictability. Introduction…

6 months ago