Global equities recover after a shaky start to August

Global equities recover after a shaky start to August

10 Sep 2024

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Equity market volatility hit a 4-year high in August as the market reacted first to weaker than expected jobs growth in the US then to encouraging retail sales data as investors deliberated whether or not the US economy would tip into recession.

The Federal Reserve now looks almost certain to cut interest rates ahead of the November election.

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Month in brief

• Global equity markets reacted strongly to conflicting US economic data released over August
• The Federal Reserve now looks almost certain to cut interest rates ahead of the November election
• The UK consumer prices index rose by 2.2% to July
• UK DB pension scheme funding remains broadly unchanged

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