Sahil Sayal’s Post

***Q1 2024 - Stock Market Summary*** 🎉 Q1 has brought solid return the equity markets, which has lowered fears inflation and recession in the U.S. economy. 🎯 Central banks are getting closer to their inflation targets. 📉 Year-on-year inflation in Canada has dipped to 2.8%, with the U.S. just abit behind at 3.2%. Despite some recent volatility, the trend is optimistic, suggesting that the U.S. Feds and the Bank of Canada might soon reduce overnight rates, especially in Canada where pressure from consumers is increasing. While the U.S. hasn’t evaded all economic risks, the recession scares have mostly subsided. 🌤️ Key economic indicators like the Manufacturing Purchasing Managers’ Index (PMI) are reviving, and global exports have seen a significant surge. 📈 The U.S. retains a positive economic outlook, whereas Canada has witnessed several months of slow/no GDP growth. This disparity might prompt the Bank of Canada to implement policy changes ahead of the U.S. Feds, to address Canada’s unique economic challenges. 📊 Canadian equities may have lagged behind global markets, but overall, it was a respectable quarter, with the S&P/TSX Index climbing by 5.77%. In the U.S., the S&P 500 Index grew by 10.16% in the quarter. In the international markets, the MSCI Europe Index moved up by 6.98%. Japanese equities blew the roof in Q1, with the Tokyo Stock Exchange (TOPIX Index) soaring 16.24%. #EquityMarkets #Inflation #Recession #MonetaryPolicy #USFederalReserve #BankOfCanada #OvernightLendingRates #EconomicIndicators #PMI #GlobalExports #USEconomy #CanadianEconomy #SP500 #MSCIEurope #TOPIX"

Canada's stock index hit a record high since March as signs of easing inflation and a vibrant economy fueled investor optimism. With robust data from the US job and housing markets, the outlook for both countries is brightening. Read more about the market trends and predictions in the insightful article below. https://ow.ly/BKpx50R0J9i

Canada's stock index hit a record high since March as signs of easing inflation and a vibrant economy fueled investor optimism. With robust data from the US job and housing markets, the outlook for both countries is brightening. Read more about the market trends and predictions in the insightful article below. https://ow.ly/mm1F50R1c02

▶ With #inflation seriously slowing, Canada recently experienced a first #rate cut, and more could come. The United States could follow suit later this year, which is good news for stock #markets, already buoyed by a wave of optimism. Meanwhile, we must keep an eye on a job market under increasing pressure. In 5 minutes, our investment strategist Louis Lajoie analyzes 4 key themes to watch over the coming months.

Canadian markets declined -1.80% for the week, as markets evaluated Statistics Canada data indicating an unexpected loss of 2,800 jobs in July and a persistent unemployment rate of 6.4%. We have the latest market news from Scotia Wealth Management on our website. https://lnkd.in/e5SNvU2E #halifax #novascotia #investing #marketwatch

Canadian markets declined -1.80% for the week, as markets evaluated Statistics Canada data indicating an unexpected loss of 2,800 jobs in July and a persistent unemployment rate of 6.4%. We have the latest market news from Scotia Wealth Management on our website. https://lnkd.in/efHC2pVt #halifax #novascotia #investing #marketwatch

Canadian markets declined -1.80% for the week, as markets evaluated Statistics Canada data indicating an unexpected loss of 2,800 jobs in July and a persistent unemployment rate of 6.4%. Read the latest market news from Scotia Wealth Management - it’s on our website now. https://lnkd.in/esKQknDR #stjohns #nfld #newfoundland #investing

In this week's Stock News Highlights: The UK economy grew by 0.6% in the second quarter, compared with 0.7% growth in the first three months of the year in line with economists’ expectations. The Office for National Statistics reported that the UK unemployment rate declined to 4.2% in the three months to June, compared with an expected increase to 4.5%. The annual increase in UK consumer price inflation came in at 2.2% in July, below expectations for a 2.3% rise from economists polled by Reuters. In the commodity markets, Brent crude futures traded around $80 per barrel on Friday and are set for a weekly rise, as Israel and OPEC member, Iran appear to be on the brink of direct conflict, with the Pentagon dispatching forces to the Middle East to defend its ally. US equity futures rose on Friday after Wall Street responded positively to signals of resilience in the US consumer and labour markets, alleviating recession concerns. In the US, the Federal Reserve has shifted its focus from taming inflation to preserving the health of the labour market as it prepares to begin cutting rates at its next meeting in September. Investors now see about a 36% chance of a 0.5% rate cut in September. Read more: https://lnkd.in/eufU8TDB #ftse100 #wealthmanagement #stocknews

Canadian markets declined -1.80% for the week, as markets evaluated Statistics Canada data indicating an unexpected loss of 2,800 jobs in July and a persistent unemployment rate of 6.4%. Read the latest market news from Scotia Wealth Management - it’s on our website now. https://lnkd.in/gbbuDC_y #sidneyBC #victoriaBC #investing

05/10 Canada Job Growth Accelerates Read more in our Morning Minutes, a daily update on the day's market news https://lnkd.in/gMaXxZJr  #investing #morningminutes #siawealth #economy #stocks #inflation