Monday Market Highlights: 12 August 2024

In this week's Milford Monday Market highlights, Dealer Brendan Larsen discusses the major volatility witnessed across markets in recent weeks, and dives into why the unwind of the Japanese Yen carry trade and fears of a greater US economic slowdown were two root causes. He also discusses how US initial jobless claims and the ISM services report last week ease some of these fears of a more abrupt slowdown in US growth. Brendan also discusses the RBA, where the Board kept rates on hold but delivered a hawkish message, and New Zealand employment numbers. In equity news, Brendan touches on Life360’s second quarter result, and Tower’s current upgrade cycle.   This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.