Azimut Investments - Market Insights

At the beginning of August, the US July jobs report showed the largest downside surprise in monthly payrolls in over two years, a jump in the unemployment rate to 4.3% (nearly a full percentage point above the trough of a year ago) and more negative revisions to previous payrolls.

We are entering the hottest week of the summer not in terms of weather, but in relevance to financial markets.

In previous reports, we have argued extensively about how U.S. employment data were showing signs of cooling. The data released last week further confirmed that the labor market might indeed be losing some of its momentum

The first round of the French elections gave no conclusive indication of the future composition of the parliament. Nevertheless, it is worth delving into some of the main evidence from this vote, while awaiting the final results next Sunday

The week just ended was expected to be pivotal. And so it was. But not for the reasons the market expected, namely the Fed meeting along with the new projections and dot plot. Wreaking havoc on the markets was Macron's decision to call snap elections in France in the aftermath of the European...

After two years characterized by the biggest-ever coordinated rate hike by the world's central banks, this week the ECB will be the first major central bank to start taking the opposite path

At the time of writing, 90% of developed market corporations have reported their Q1 results, generally revealing a better than expected trend in each of the 3 macro areas analyzed (USA, Europe, Japan).

After the streak of stronger than expected macroeconomic data in recent months, which showed a notable resilience of both inflation and economic growth, the financial community was anxiously awaiting the Fed meeting, fearing that it might have to abandon hopes of a rate cut in 2024 altogether.