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Podcast : Financial Market Preview - Friday 30-Aug

Published 2024-08-30, 07:23 a/m

US futures are indicating a positive open today. European equity markets are mostly higher, following the mostly advancing Asian markets with China markets outperforming. Market attention today is centered on the upcoming PCE index release, which is expected to show core PCE inflation trending downward, potentially falling below the Fed's 2% target on a three-month annualized basis. Next week’s August nonfarm payrolls report is also anticipated to be a critical factor in shaping monetary policy decisions for the remainder of the year.

Companies Mentioned: Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), OpenAI, Tencent, NetEase (NASDAQ:NTES)

 

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