Discover the latest trends in our monthly Investment Note for July 2024 from Lighthouse Canton, titled "The Great Unwind?"
- BoJ interest rate hikes, Israel Palestine standoff and US weak unemployment numbers leads to volatility worldwide: Nikkei led the losses (-19.5%) , followed by NASDAQ (-8%), S&P 500 (-6%) and Dow Jones (-5%).
- Increase in Unemployment Rate forces Fed to reckon with hard landing: US FOMC is likely to initiate the rate reduction cycle from Sep’24 onwards.
- Gold prices continue upward trajectory while Silver prices decline: Gold ended July up around 6.5% and has already breached the $2500/oz handle in August.
- RBI keeps rate unchanged, cautious about spillovers from Food Inflation.
- Q1FY25 Earnings Update: India has reported a muted start to the financial year 2024-25, with a decline in net earnings and a modest single-digit uptick in revenues.
Check our report below to gain key insights about the same
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