What consumer confidence downturn may mean for interest rates
In this week’s market update:
- Friday’s U.S. consumer confidence number down more than 6% in August, which could have significant implications for next week’s highly anticipated meeting of the U.S. Federal Reserve (the Fed).
- The world was reminded that Japan’s stimulative “Abenomics” policies are alive and well this week, as Japan’s Nikkei average rose more than 7.7% on Wednesday, closing the week more than 2% higher. What are the implications for Asia investors?
- With German industrial production dipping in July and Turkish GDP jumping nearly 4%, what should eurozone investors know about growth prospects for the region?
On this week’s Market Week in Review video, Chief Investment Strategist Erik Ristuben gets investors ready for next week’s meeting of the U.S. Federal Open Market Committee (FOMC), discussing the impact that this week’s consumer confidence and producer price index data may have on the Fed’s upcoming decision on interest rates.
Mark Soupiset hosts this week’s market update, which also examines the big week in Japan’s equity markets, and what mixed growth data in Europe should tell investors in that region.