S&P 500 gains amid positive economic indicators, while Nikkei drops due to Bank of Japan's rate hike.
The S&P 500 saw gains amid positive economic indicators and a favorable outlook for consumer confidence. The Bank of Japan's rate-raising led to a drop in the Nikkei, but no response from Iran alleviated concerns. The upcoming week will focus on manufacturing and services PMI, along with the Jackson Hole event. The article highlights that, while the Federal Reserve is expected to ease, it remains uncertain whether this will satisfy or disappoint markets in the near term.
August 19, 2024
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