Market Insights
Market Insights - Week 36
Anupam Kumar
Amid the focus on US Federal rate hike announcement, inflation and the economic conditions across the globe, last week, market ended green and left three weeks of continuous losing streak. It looks like after losing most of its summer gain, market found its bottom, might be a temporary one! On the other hand, following Russia’s decision to cut off all energy flows to Europe via Nord 1 pipeline for indefinite period, a recession in Europe later this year, seems inevitable.
Some of the highlights of the last week:
It looks like inflation has peaked across the globe and gradually it should moderate. At the same time, unemployment is at 3.7% which is little up than that of July’s data of 3.5%. The headwinds of monetary policies have raised the risk of recession however, economic conditions across the countries, seem to return back to positive territory for the second half of the year. For the remaining weeks of September, all eyes will be primarily on U.S. CPI inflation data, expecting it show further easing. We expect that inflation cooling off should have a decent positive impact on market.
We will come back with more updates!
Anupam Kumar
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