The significant events in the global economy over the past week - London Business News | Londonlovesbusiness.com
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from London Business News | Londonlovesbusiness.com6 months ago
The most significant decline among major indexes was seen in the Nasdaq Composite, heavily influenced by technology, losing nearly 10% largely due to NVIDIA's stock drop.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-19/
Economic data, particularly the PCE price index showing a 0.2% increase in July, played a crucial role in shaping market sentiment, reinforcing confidence in controlled inflation.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-19/
Despite weaknesses in the housing sector, the U.S. consumer demonstrated resilience, with personal incomes rising unexpectedly by 0.3%, and personal spending increasing by 0.5%.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-19/
The pan-European STOXX Europe 600 Index gained 1.34% reaching a record high, driven by slowing inflation, marking the fourth consecutive week of gains.
London Business News | Londonlovesbusiness.comhttps://londonlovesbusiness.com/the-significant-events-in-the-global-economy-over-the-past-week-19/
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#stock-market #nvidia #consumer-spending #pce-inflation #european-markets
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