Global Market Weekly Recap: 26 – 30 August 2024

Major assets were all over the place this week as traders tried to balance a large amount of news and data and based on results, seemingly giving a bit more weight to individual asset catalysts than overall market sentiment factors. Tensions in the Middle East and concerns over Libyan supply moved crude oil prices, while the US dollar and bond yields recovered from the recent decline on positive US data. The behavior of equity indices was erratic as traders balanced earnings reports against movements in bond yields, and bitcoin was thrown hard this week. Which headlines made the biggest waves in the markets this week? We have the deets!